Quote:
Originally Posted by Happy Monkey
No, a flat tax tax table would look virtually identical. All it is for is to do the multiplication for you. The formula used to generate the table wouldn't shrink the table.
And you'd still need all the complicated instructions to determine what counts as income to input into the table.
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Not in the scheme I have in mind.
Once you've determined that you qualify as a taxpayer, income would be
gross income....period. There would be no table at all, simply one percentage value. A fifth-grader could complete the form for you.
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