Bloomberg View: Why a Flat Tax Won’t Work; Making Swiss Accounts Less … Swiss
The World Is Not Flat ● Making Swiss Accounts Less … Swiss
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The number of Republican Presidential candidates backing some form of flat tax stands at three and a half. A 9 percent flat tax is one of the nines in Herman Cain’s 9-9-9 Plan. Newt Gingrich supports an optional flat tax, meaning taxpayers could opt for a flat tax or file their taxes under the current system, which is what Rick Perry has in mind, as well. The half supporter is Mitt Romney, who characteristically says he wants a “flatter” tax but has avoided being pinned down on what that means.
People want their taxes simpler, fairer, and lower. A flat tax promises all three—and would deliver on none.