No doubt both the flat (i.e., income) tax and the VAT will start relatively low. The problem is that they will both creep up, and in a decade or two, we’ll be paying European tax rates. It’s better to have one or the other, but if you have both...you will pay, and BIG TIME.
No doubt both the flat (i.e., income) tax and the VAT will start relatively low.
When the income tax was first proposed no one could conceive of it ever exceeding 2%