Flat Tax Proposals aren’t really Flat

This post was written by marc on October 25, 2011
Posted Under: Letters to the Editor

Letter to the Editor

It would be interesting to see a flat tax proposal that was really flat. The taxes the Republican candidates are not really flat. All their proposals exempt the capital gains tax setting it to 0. Capital gains is how the rich make most of their money. Payroll tax is also capped at incomes just over $100,000. It would be interesting to see a true flat tax that includes all income and where social security and medicare taxes aren’t capped for the rich. That would indeed be a flat tax – but the Republicans would never support that.

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