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Wednesday, December 19, 2007

Conservative marries progressive

So, last year we passed some serious tax reform, set to take effect in 12 days. Some said it would result in a more regressive system.

Turns out, it didn't.

Here's Dan Harrie in the Trib:

Utah's new 5 percent "flat tax" income tax kicks in Jan. 1 and, if politicians' promises prove true, it will be cheaper and simpler for most residents.

But a new University of Utah study also says that - contrary to conventional wisdom - it also will be somewhat more progressive than the old sliding-scale bracketed income tax.

For those who like their sources raw, here's the CPPA Study.

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3 Comments:

John Dougall said...: Unfortunately, it's not a flat tax (as Gov Walker proposed). It's a single rate tax. By definition, a flat tax is not regressive. It's proportional.; 12/19/2007 10:30 PM
Ethan said...: "By definition, a flat tax is not regressive. It's proportional."

Semantics.; 12/20/2007 3:51 PM
Anonymous said...: Semantics! Ethan, don't be so blind to the actual meaning of words. Or maybe you were joking. Hope so. There's a big difference between regressive and proportional, and John's right.; 12/21/2007 3:29 PM