Right now what is it -- only 1% of taxpayers are eligible for the 35% top rate? And you know that 1% is doing their damnest to avoid it.
Compare that to 100% of the taxpayers eligible for 30% of every purchase. And the author claims there will be less avoidance!?
Hey, if you’re going to use the inclusive 35% rate when spaking of the income tax, plase use the comparable inclusive FT rate of 23% for consistency’s sake. Thanks.
Either that, or quote the income tax rate in exclusive terms.