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Originally Posted by Bruce Wayne
I'm using real life examples.
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Too bad they’re not relative.
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In 2001 Russia adopted a 13% flat tax. Russia’s economy has expanded by about 10 percent since it adopted a flat tax.
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And who says it wouldn’t have if it hadn’t adopted a flat tax ? Geez, China is growing far faster than that under Communism !
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Over the last two years, inflation-adjusted income tax revenue in Russia has grown 50 percent. Why? Because people are willing to produce more and pay their taxes when the system if fair and tax rates are low.
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You’re claiming that the rooster crowing causes the sun to rise every morning.
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There are other industrialised nations using flat taxes very successfully.
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Like ?
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Hong Kong has had a flat tax for a long time
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You’re making my case for me:
A) Only the
top 1.5% of income earners are subject to the single-rate ‘flat tax’ in Hong Kong.
B) The
other 98.5% of taxpayers in Hong Kong pay a
graduated income tax which consists of four separate tax brackets and allows for sizable personal and dependent deductions.
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and it’s been the world’s fastest-growing economy over some 50 years.
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More evidence favoring a progressive income tax.
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