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z2003-06-13- Russia Flat Tax
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Bill Seitz is a Product Manager/CTO with a track-record of bringing a business perspective to building agile product-development teams for start-ups, and is seeking a senior role in an entrepreneurial organization building disruptive Internet-driven products.
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last edited
by 192.168.1.15
on
Oct 26, 2008 7:20 pm |
Russia's had a FlatTax 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)
- josef davies-coates
editing my comment --2003/06/14 20:58 [GMT]
hmz, why can't I edit my comment? - josef davies-coates
Bill Seitz, fluxent at gmail dot com, Weblog