Taxes Flatten but Deep Pockets Still Bulge - Los Angeles Times

Taxes Flatten but Deep Pockets Still Bulge - Los Angeles Times:

"WASHINGTON: A decade ago, when publishing magnate Steve Forbes ran for president, he vowed to deliver a new era of prosperity with a simple change in the federal income tax: Instead of people with more money paying higher rates, all would pay the same 'flat' tax rate, unleashing 'the fantastic growth waiting to burst forth in our economy.'

Forbes' flat-tax plan was dismissed as simplistic by many mainstream economists and viewed with horror by the legions of special interests that benefit from the deductions and loopholes that flat-tax advocates would eliminate."