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The Last Tax: How Wealth Taxes Could Technically Work

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What if tax evasion were structurally self-defeating, and the entire federal tax code fit on a cocktail napkin?

The current federal tax system is broken beyond repair. Workers pay 20 to 30 percent on every dollar they earn. The wealthiest pay effective rates near zero on the appreciation of what they already hold. Seventy thousand pages of tax code, designed to be gamed by those with the resources to game it.

The Last Tax describes a complete replacement. One proportional wealth tax to replac...