This new and updated edition of The Flat Tax sets forth the flat-tax plan developed by Robert Hall and Alvin Rabushka, senior fellows at the Hoover Institution, who believe it is the most fair, efficient, simple, and workable plan on the table. The proposal taxes all income, once and only once, at a uniform low rate of 19 percent. It permits a tax-free allowance of $25,500 for family of four, thereby exempting many poor and lower-middle-income households from taxation. All wage earners would pay less tax than under the current system. The flat-tax plan tax returns can be filed on a postcard.
This flat-tax plan is not an academic abstraction. Hall and Rabushka have designed tax forms, rewritten the Internal Revenue Code, and worked out all the practical details. The plan has withstood the scrutiny of leading experts on taxation and has been enthusiastically endorsed by many of them. Both the New York Times and the Wall Street Journal have praised the flat tax. Both Republicans and Democrats have introduced it as bills in previous sessions of Congress.
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Here's the book that started the flat tax debate back in 1985, updated in an edition for the 1990s. Robert Hall and Alvin Rabushka present their plan as fair, efficient, simple, and workable. All income in the United States would be taxed once at the rate of 19 percent, and there would be generous allowances for families. This system and its postcard-sized tax form would wipe out $100 billion in annual compliance costs and demolish the Washington culture of lobbyists, whose entire industry depends upon tampering with the rules of free enterprise.About the Author:
Robert E. Hall holds a joint position endowed by Robert and Carole McNeil as a senior fellow at the Hoover Institution and a professor in the economics department, Stanford University. He is a member of the National Academy of Sciences and a fellow of the American Academy of Arts and Sciences and of the Econometric Society. Alvin Rabushka, the David and Joan Traitel Senior Fellow at the Hoover Institution, works in the public policy areas of taxation in the United States and abroad, economic development in the Pacific Rim countries, and the transition economies of Central and Eastern Europe, notably Russia.
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Book Description Hoover Institution Press, Stanford University, 1995. Paperback. Book Condition: Used: Good. 2nd. Bookseller Inventory # SONG0817993223