From: utzoo!utcsrgv!tjiang Newsgroups: can.general Title: Re: Politics in Ontario Article-I.D.: utcsrgv.1005 Posted: Fri Feb 11 00:30:46 1983 Received: Fri Feb 11 02:18:28 1983 "Flat rate" taxes are not regressive as a recent article claimed. The current so called "progressive" tax laws actually benefit the rich. I know that corporations pay very little taxes. In the USA, corporations account for only 9 percent of the entire federal revenue and there is no reason to believe that it is any different in Canada. I suspect that not one single millionaire in Canada pay more than 15% in taxes. They manage to evade taxes by using loopholes that results from the current complex tax regulations. A flat tax where everybody hands over a fixed percentage of their income and where all those deductions are eliminated would remove the tax loopholes. Many American economists claim that such a tax system would actually increase their federal revenues and would lower the taxes paid by the middle classes (i.e professionals like most people on the net) that currently pay the bulk of the taxes. The result is that the rich would actually pay their fair share. It would also simplify and remove much of the bureaucracy that collects and handles taxes, saving billions in the process.