Quote:
Originally Posted by Chrysalis
Why would the rich pay more tax on a flat rate system?
The tax rate would be set lower for them, and its still dependent on them declaring their income.
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you need to read up on the principle of a single tax rate ,it's all in the link i posted
but a quick taster for you is that with a single tax rate most if not all the loopholes open to high earners via their accountants will be closed .At the moment with a good accountant someone who is supposed to pay 50% will probably pay less that 20%