Finance and Freedom Advocates Simplified Tax System Announces Development of New Tax
Dr. Carl Milsted, Jr., a theoretical physicist, proudly announces the development of a model of the existing tax system, demonstrating this system could be approximated by a simple two tier income system with per citizen prebate. The Simple Income Tax differs from most flat tax proposals currently offered by other think tanks in that it is, at minimum, as progressive as the income tax system currently in place. "In addition, this flat tax proposal combines all payroll taxes into one tax while treating capital gains as ordinary income," Dr. Carl Milsted, founder of Finance and Freedom, declares.