The Global Flat Tax Revolution

Back


This mini-documentary from the Center for Freedom and Prosperity discusses the global flat tax revolution. There are now 24 flat tax jurisdictions (actually 25, but we didn't know about Trinidad & Tobago when the video was filmed), a remarkable development given the ideological opposition to tax reform from special interest groups and class warfare advocates. The six-minute video explains the key features of the flat tax revolution and highlights the reforms in Hong Kong, Estonia, and Iceland. The flat tax revolution has been especially strong in former Soviet-bloc nations, a rather ironic development since a so-called progressive income tax was a key tenet of Marx's Communist Manifesto.

Channel: News & Politics
Uploaded: May 28, 2008 at 11:02 pm
Author: afq2007

Length: 00:06:03
Rating: 4.87
Views: 13504

Tags: Flat tax freedom and prosperity competition reform

Embed Code: Paste this code in your page


Video Comments:
db98647 (November 10, 2008 at 5:13 pm)
My federal tax plan.

15% flat rate tax on total household income over $15,000 USD (single), $30,000 (married) + $3,500 per child under the age of 18 living at home.

With a complete abolition of all other forms of taxation at the federal level. Ending of all federal programs that are not a part of the Legislation, Judicial, and Military branches of the government.
TarkinRocher (November 16, 2008 at 10:30 am)
My federal tax plan:
(note this tax will take on social security, medicare, and everything else on the federal level)

For incomes below the national average:
Income times .000596 = % tax owed

For incomes at and above the national average:
(the 32nd route of income - 1) times 56.68 = % tax owed

No deductions. No tax credits. Period.
TarkinRocher (November 19, 2008 at 6:17 pm)
Oh, also, all business taxes will be removed.
joshuasocean (November 5, 2008 at 2:21 pm)
Set the tax rate at 50% of all income above 100,000. Anyone earning under that amount should pay nothing, no income, no social security/self employment taxes, no medic.. The 1st 100K is truly earned income and never should be taxed. This would give 92% of americans thousands of additional dollars to spend which will pump up the economy. Also citing James 5 from the Bible, go after the Decadent Rich.
TarkinRocher (November 9, 2008 at 4:34 pm)
Sorry, buddy. This is way off base.
db98647 (November 5, 2008 at 12:58 am)
The reality is that the USA will never have a flat tax as the government will never let go of power. The more of your money they control the more they control you.

And frankly you fools in America just handed your county to the wolves. You have a Marxist for president, a bulldog for a VP, and a bunch of nitwits that are more interested in personal power than fixing the mess they made of the global economy. I spit on you!
Wtfgames (November 10, 2008 at 11:17 am)
What the hell is guy talking about I live in Icealnd we DO NOT HAVE FLAT TAX, we never had FLAT TAX
japtoon33 (October 30, 2008 at 6:34 pm)
Millions of non-partisan dollars were spent to develop the best plan for tax reform and the FairTax was born.

I don't know your politics but I suspect that you have a much different philosophy from myself and that may prevent us from seeing eye-to-eye.

If you would like to educate yourself on the subject I suggest you read Neal Boortz's book about it.
TarkinRocher (October 30, 2008 at 6:38 pm)
Blah, blah, blah. No regressive taxes for me.
japtoon33 (October 31, 2008 at 12:57 pm)
Wow, somebody taught the parrot a big word.