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TED Ed: Do tax cuts stimulate the economy?

Short term? Yes but minimally.
Long term? While tax changes can have large effects on the U.S. economy in the short term, they have not noticeably affected overall economic growth or corporate investment in recent decades. Instead, the research and data firmly establish that the main effects of tax changes are to increase or decrease inequality and government revenue.
 
Imo, we could set a base income of the Federal Poverty level as where the flat tax begins, but I think you need a floor of @$100k.


A flat tax on all income, not just wages. Gifts, dividends, capital gains, interest income would have to be included.

Have it set to start after a certain basic exemption. The poverty level would be appropriate.

No deductions allowed
 
A "flat tax" that includes an exemption is just a progressive tax. Just not nearly as progressive.

Admitting that we need an exemption in a flat tax regime is basically admitting that we need progressive taxation.
I mean progressive taxation has been a thing even promoted by classical economists, even Adam Smith.
 
A flat tax on all income, not just wages. Gifts, dividends, capital gains, interest income would have to be included.

Have it set to start after a certain basic exemption. The poverty level would be appropriate.

No deductions allowed
I'd like to see the tax placed on wealth as well. Less regressive and a lower rate.
 
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