Isn't that simply a function of choosing an appropriate tax rate? I pulled 20% out of my ass, but there's nothing saying you can't go 30, 40, 50%, and this will mean a net increase in revenue on the higher end of things. You're still reducing taxes for lower incomes and removing ways to avoid taxes for higher incomes, as well as greatly simplifying everything else involved.
(no subject)
Date: 2007-05-23 12:06 am (UTC)