US TaxFilter: Your real tax rate: 40%.
"In a study for the National Bureau of Economic Research, Boston University economists Laurence J. Kotlikoff and David Rapson have found that our all-in marginal tax rate is 40%, give or take a bit. Yes, you read that right: 40%." The table at the end is telling.
posted by knave on Feb 26, 2007 - 88 comments

Mr. Bush's first big political move. Banning gays? Killing babies to produce oil? No, tax reform! What? Nothing sinister in that, you say! Except he might totally do away with the current system and create a flat tax or national sales tax. Quick, everyone read up on flat taxes, and national sales tax! Blogger's favorite economist Atrios gives his two cents. With everything going on, it is almost nostalgic to see tax reform become an issue.
posted by geoff. on Nov 8, 2004 - 165 comments

Ahh, the Flat Tax. The utopian vision of Steve Forbes, Dick Armey, and anybody swimming in 1099-INT forms is now a reality in Iraq (Wash. Post link). It sounds ideal in a lot of ways; everybody pays a similar amount, people save lots of time, and IRS workers are put out of a job. But the downsides are plenty; higher deficit, no write-offs for charitable donations, and more chances that people that earn their money through labor rather than stock trading will be left holding the bag.
posted by destro on Mar 17, 2004 - 25 comments