Letter to Editor: Flat Tax Rate

CPA Journal, January 2014

I read with interest “Simulating a Flat Tax Model: What Are the Likely Outcomes,” and I would like to congratulate the authors on their deep analysis of the topic (Brita Boudreau and Thomas M Dalton, The CPA Journal, October 2013, pp. 14–21). The authors did a good job quantifying the impact of a flat tax model versus the existing paradigm. But this is only one side of the conversation on this concept. In addition to this quantification, a broader conversation should take place about the qualitative issues that the tax system presents. Namely, we have to involve two other financial disciplines: economics and finance..

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