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by maxxxxx 3206 days ago
In what way would a flat tax rate close loopholes? I hear that all the time but it doesn't make sense. In the end the problem with taxes is determining what counts as taxable income. The flat tax doesn't change this. As of now it would just be another huge tax cut for high incomes which in my opinion it's designed for.
1 comments

Exactly, a flat tax society would end up being a cash-under-the-table society.