>>Isn't a graduated flat tax a contradiction in terms?
>
>I don't think it is. If you make under 20,000 per year, you pay 10%, if you make over 500,000 per year, you pay 30%, no deductions, no trusts, no nothing. You earn, you pay.
>

That isn't a flat tax. There would still be different tiers, just different rates from what we have now.

I am all for closing loopholes. Well, they better not touch my mortgage deduction ;-)

>>And what is there about a flat tax that would eliminate loopholes and what is there about a graduated tax that encourages them?
>
>Nothing but the flat tax. No deductions, no nothing.