The Bush plan: tax complification; the president's cuts push us toward a flat rate and more paperwork. (The Taxonomist).(Brief Article)
American Prospect, The, June, 2002 by McIntyre, Robert S.
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DOES GEORGE BUSH HAVE A SECRET PLAN TO IMPOSE A flat tax? I can't read his mind but one thing is clear: Unless the president's tax program adopted last year is amended, by the end of this decade most of the personal income tax revenue will come not from the regular, graduated-rate system but from the essentially flat rate, individual "alternative minimum tax."
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This isn't supposed to be how the alternative tax--first adopted in 1969 to prevent wealthy people from sheltering all their income from tax--was supposed to work. As recently as 1999, only a million taxpayers, ...
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