Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Why? There's no connection between flat and simplified. You could eliminate all deductions and make a progressive system more transparent (and cheaper), you can have a flat tax with the same faults as the current system. On a side note the top rate for state and local income tax in NYC is not marginal - i.e. if you qualify it applies to all your income, not just the amount above the threshold - it's known as the clawback provision.
by MarekNYC on Fri Mar 16th, 2007 at 04:07:41 PM EST
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