Posts tagged ‘taxation’

Even Russia Has a Flat Tax!

Did you know that former Communist countries have seen the light and adopted the flat tax? These include Russia, Ukraine, Romania and others, as shown in the graphic below. If they can figure out the advantages to a flat tax, why can’t we?

(Source: Fusion, September 2010(1))

According to a 2010 Fusion article(1), 25 countries have adopted the flat tax as of 2008. These include Hong Kong (with an individual flat tax rate of 15% and a corporate tax rate of 16.5%) and even Russia (with an individual [...]

Category: Why We Need a Flat Tax Read More