Sunday, June 20, 2010

When hell freezes over: Russia not only has a flat tax, but is getting rid of the capital gains tax!

I'm a duck-and-cover baby, ergo the hell-freezes-over reference:
The former communists running Russia apparently understand tax policy better than the crowd in charge of U.S. tax policy. Not only does Russia have a 13 percent flat tax, but the government has just announced it will eliminate the capital gains tax (which shouldn’t exist in a pure flat tax anyhow).

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