I've said all along...we are going to be the old Russia with the Party people getting to take vacations on the Black Sea and the workers fighting for food in near empty groceries....
Russia has a 13% flat tax...
Superpower Role Reversal And The Flat Tax Miracle
“Socialism: While the U.S. punishes millionaires, Russia and China reward them. In the upside-down era of Barack Obama, the capitalists act like communists and the communists act like capitalists.
Our multimillionaire president frowns on “millionaires and billionaires” and soaks them with higher taxes.
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“Take note, Mr. President: Russia’s flat-tax miracle has helped bring its budget back into balance. Its revenues from income taxes have more than doubled since the single, low tax rate was instated.”
Lower tax rates result in more revenue — Obama is on record of saying that he is more interested in punishing the rich, than really increasing revenue — he said that in an interview before becoming president.