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Unformatted text preview: 17% and those with taxable income below $100,000 have average tax rates less than 17%. Thus, if a 17% flat tax were enacted, those with taxable incomes under $100,000 would see their tax liability go up and those with taxable incomes over $100,000 would have lower tax liability....
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This note was uploaded on 09/16/2011 for the course ACCOUNTING 145 taught by Professor Eric during the Spring '11 term at Palm Beach Community College.
- Spring '11