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Flat Taxski

by Rush Limbaugh - Mar 7,2002


Prior to their flat tax, they only had three tax rates, 12, 20, and 30 percent, as opposed to our six. And the majority of Russian taxpayers don’t fill out a bunch of forms. The 13% rate has exceeded expectations in terms of revenue. Real ruble revenue to the government has increased about 28%. And they don’t have to collect money at the point of a gun because the people are happy to pay up since it’s only 13%.

And in addition to that, Vladimir Putin has signed legislation to cut the Russian corporate tax from 53% to 24%. And, in Russia, they are very close to offering privately invested Social Security accounts. And, all of this has had a remarkable effect in reducing the impact of the black market. Who would have thought? I didn’t know any of this – it’s just excellent!