Document Type
Letter to the Editor
Publication Date
1-25-2021
Publisher
Tax Analysts
Language
en-US
Abstract
With a new administration come new opportunities. Here I present a tax proposal that I believe could garner support on both sides of the aisle. It has elements of the negative income tax, first proposed by conservative economist Milton Friedman; the flat tax (also called the “fair tax”), supported by many conservatives; and a universal basic income, promoted by Democrat Andrew Yang, combined in a way that is of the utmost simplicity. Call it the “No Exceptions Tax” (NExT). NExT is a federal personal income tax that replaces the current one. Here’s how it works
Recommended Citation
Stephen G. Marks,
A ‘No Exceptions’ Tax System for the 21st Century
,
170
Tax Notes Federal
613
(2021).
Available at:
https://scholarship.law.bu.edu/faculty_scholarship/4010
Included in
Banking and Finance Law Commons, Law and Economics Commons, Taxation-Federal Commons, Tax Law Commons
