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What If Income Tax System Overhauled
Washington AP reports lawmakers consider a ground up tax overhaul. Proposals include a flat rate of 15 to 30 percent with broad exemptions to simplify returns to five minutes and raise revenue at lower rates. Proponents argue a $1500 personal exemption and depedents, plus elimination of many current deductions, could create a more progressive outcome.
MENTIONED IN THIS ARTICLE
Washington
Congress
House
Ways and Means Committee
J. A. Stockfisch