The federal income tax code is now so mangled that we can probably increase federal revenues with a 0% income tax rate for a majority of Americans.Read the complete article here.
Correcting misconceptions about markets, economics, asset prices, derivatives, equities, debt and finance
Wednesday, July 15, 2009
Increase Tax Revenue With A Zero Percent Tax Rate
Posted By Milton Recht
From The Wall Street Journal, Tuesday, July 14, 2009, "The 0% Tax Rate Solution: It's better policy, and politics, than the proliferation of tax credits" by Peter Ferrara.
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