(2003-06-13) Russia Flat Tax

Russia's had a Flat Tax for a couple years. Nobody expects the wealthy and powerful to pay their fair share anyway. "Why have a progressive tax system that doesn't work?" asks Vladimir Redkin, an economist at Russia's Bureau of Economic Analysis. This is hugely true - while each tweak to the rules has a reasonable justification, the overall effect is to create a murky system designed to be Gamed by those who can afford expensive lawyers and lobbyists.

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In fact, many countries that at first appear to have progressive taxation do not. In the UK, for example "Taxes do not fall more heavily on people the more they earn" - while income tax is progressive, the total tax burden for everyone is between 33-37% (see Paying for Welfare: towards 2000 (3rd Edition) by Prof. Howard Glennerster ISBN 0134420136) -- http://wiki.uniteddiversity.com/josef |josef davies-coates editing my comment --2003/06/14 20:58 GMT
hmz, why can't I edit my comment? - josef davies-coates