PRESIDENT GEORGE W. BUSH Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : PRESIDENT GEORGE W. BUSH

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: FastC6 who wrote (501502)	12/1/2003 1:22:41 PM
From: DuckTapeSunroof	Read Replies (1) of 769667

"progressive or flat tax? which one is fair lizzie?" >>> Whichever one (assuming 'modest' progressivity in your model) eliminates the most loopholes and 'special tax preference items' that distort economic performance and incentives... and corrupt the entire system. IMO, the corruption of 'national industrial policy' and crony capitalist loopholes is a greater black mark against 'fairness' than modest levels of progressivity. PS - I'm a flat tax supporter... but when loopholes reduce the effective tax rate of US-based multinationals on the money they repatriate to the US to well below 3% (from the top nominal marginal rate of 35%)... it's hard to argue that modest progressivity is a greater blow to 'fairness' than the loopholes are.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next