Brian

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Tax rates are high because the loophole-riddled regulations allow many to pay less or even nothing. A revenue-neutral flat tax could make the tax code simple and fair, and would catch those who currently are getting a free ride from the rest of us. All income would be taxed equally,
Brian
You can still have a progressive marginal tax schedule if you get rid of loopholes. It’s not the tax brackets that are the problem.
A Man for All Markets: From Las Vegas to Wall Street, How I Beat the Dealer and the Market
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