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In short, thanks to Buy–Hold for Decades–Sell, America’s taxation of capital gains runs regressive where it most needs to be progressive — to halt the concentration of our country’s wealth.
The Tax Cuts and Jobs Act (TCJA) disproportionately benefited the working and middle classes, as evidenced by IRS data which shows that the TCJA made the federal tax code more progressive, with low… ...
Chicago Mayor Brandon Johnson advocates for Illinois to eliminate the state's flat income tax for a progressive income tax. Trump says he'll rename Veterans Day The 26 scariest films that aren’t ...
Indonesia has the opportunity to transform its tax landscape with a groundbreaking digital VAT system that combines revenue efficiency with social equity.
Only recently Mississippi introduced a flat tax system as part of our states tax reform plan. Our wise leadership just transitioned us to a flat tax structure in 2023.
While their arguments are sound, the title said it all: “Trump’s Tax Cuts Were Good. A Flat Tax Would Be Better.” While the flat tax would be far better than current law, we can do better still.
Making the Tax Cuts and Jobs Act permanent would be a good start for Congress in 2025. But it’s time to take an even bigger step: creating a simplified flat tax for all.
Critics argue that a flat tax is regressive, as it imposes a larger financial burden on lower-income individuals while higher-income taxpayers find it easier to bear the cost, Investopedia reported.
Trump openly hates progressive taxation where the wealthy pay their fair share, and pines for a regressive system that would inflate prices on working-class Americans. By design.
Study says Governor Jeff Landry's proposal would reduce money available for spending unless the parts affecting corporate taxes are also approved.
Louisiana already has a regressive tax system where people who earn less than $18,000 pay 13.1% of their family income in taxes while people who earn over $552,000 pay only a 6.5% tax rate ...
Bill Gates told the Independent he'd pay "tens of billions" more if he designed the US tax system, and that economic power shouldn't be generational.
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