Sen. Richard Shelby proposes 17% flat tax
Updated May 19, 12:34 PM;
Posted May 19, 12:34 PM
Sen. Richard Shelby has re-introduced legislation that would establish a flat tax on all income.Sen. Richard Shelby
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The Simplified, Manageable and Responsible Tax – or SMART – Act, would set a 17% tax on all income.
“Our nation’s current tax code is complex, unclear, and costly to hardworking Americans. Every year on Tax Day, we are reminded of this unfortunate reality,” said Shelby, who has long advocated for the flat tax. “If my legislation, the SMART Act, was in place instead of current law, taxpayers would file a simple, self-explanatory return that’s the size of a postcard. Should Congress pass my bill, every American would be taxed equally and at the same rate.”
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