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Important Issues and Serious Problems in Flat‐rate Income Taxation
Author(s) -
Harriss C. Lowell
Publication year - 1984
Publication title -
american journal of economics and sociology
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.199
H-Index - 38
eISSN - 1536-7150
pISSN - 0002-9246
DOI - 10.1111/j.1536-7150.1984.tb02237.x
Subject(s) - economics , income tax , international taxation , tax rate , public economics , personal income , natural resource economics , labour economics , business , monetary economics , macroeconomics , tax reform
A bstract . Dozens of important issues are connected with the proposal of flat‐rate income taxation How much, if any, activity would leave the underground economy for the reported one? Would effort and saving change? Would efficiency in the allocation of business and personal resources he effected? High rates of taxation and differences in tax rates influence behavior for better or worse. Serious proposals to change them deserve serious consideration, but difficult though not insuperable problems are involved and must be studied.