Tuesday, April 17, 2012

Design your own income tax system!

Political calculations has this interesting tool, wherein you can simulate your own flat tax. I managed to invoke collections of 6.2% of GDP using a 15% rate. Progressivity is maintained by a flat tax credit to every one. If only Wash DC wanted a simple, transparent system like this instead of the 72,000 pages of crap that is the IRS code today!

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