Im doing a project for school and I can't the answer to this question anywhere. I need to know how much money would the government lose or gain if the flat tax was replaced with the graduated income tax.
Thanks,
Josh.
Chosen Answer:
None, since the "flat tax" rate would be set to be revenue neutral which means the same amount would be collected.
The working poor, who pay no tax now and often get back money anyway through Earned Income Credit, and the middle class, would lose big time though, and most high earners would get a very nice
No comments:
Post a Comment