In its purest form, a flat-rate income tax would establish a system of exemptions, deductions and credits and tax remaining income at a proportional rate.
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Q1: A value-added tax amounts to a national
Q2: Critics of a value-added tax maintain that
Q4: Proponents of a flat-rate tax contend that
Q5: The main supporters of a flat-rate tax
Q6: Because the distribution of income in the
Q7: Most economists argue that when federal, state,
Q8: Economists generally agree that sales, property, and
Q9: The federal corporate income tax is essentially
Q10: The Social Security tax has both proportional
Q11: A tax is regressive if it takes
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