Friday, June 25, 2010

Russia Scraps Capital Gains Tax

Daniel J. Mitchell, a contributor to Cato at Liberty reveals that former communist Russia has been able to manage their government with a 13% flat tax, a tax structure that we should adopt in the United States, and now has announced Russia Scraps Capital Gains Tax. A flat tax is much more fair, everyone would have some "skin in the game" as opposed to the approximately 50% of Americans who pay no income taxes at all.

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