A 'Flat Tax' With Deductions Isn't At All Flat

You don’t have to be Aristotle, who began around 330 BC to popularize the theory that the earth was spherical instead of flat, to discover that tax plans, including (perhaps especially) Rick Perry’s plan, that are called “flat tax” plans are anything but flat. No matter how you hold them up to the light, assuming you actually attempt to hold them to the light, they cannot be made to appear flat.

 

You can call them flat, and you can also call Al Gore a historically prominent purveyor of peace, but that doesn’t make it so.

 

Let’s go through some steps to hold Mr. Perry’s flat tax plan up to the light and see how flat it is.

 

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