The Graduated Flat Tax — A Good Approach (Nov 2011 Update)

The method for calculating the amount of tax that any citizen would owe using my proposed graduated flat tax approach is as follows: The first $20,000 of income for all individuals would be tax free. The next $80,000 of income (amounts between $20,000 and $100,000) would be taxed at the rate of 10%. The next … Continue reading “The Graduated Flat Tax — A Good Approach (Nov 2011 Update)”

The Graduated Flat Tax — A Good Approach

Over the past few years there have been some discussions about replacing the current federal income tax approach with a national sales tax or a 17% flax tax.  The problem with both of those alternatives is that they are not progressive (tax rate increases as the taxable amount increases). A CNN/USA Today/Gallup Poll shows that … Continue reading “The Graduated Flat Tax — A Good Approach”