Subject: Low Flat Tax Rate Comment: In all the historical studies that I've undertaken or seen, a flat tax of less than 23% has always produced the best results for all parties involved... as long as it represents the entire tax burden for the population. Countries that have adopted low flat-tax rates have seen their economies boom and opportunities created for every person in society. For this to work in the case of the US, this figure would need to include Federal, State and Local taxes. As I see it, a Federal flat tax rate of 15% (which would include all Social Security, Medicare and Medicaid taxes) would be the fairest and best for the United States. |