![]() ![]() It took effect on January 1, 2001, replacing the previous three-bracket system, which imposed a top rate of 30% on taxable income exceeding $5,000. To help resolve this problem and improve incentives, the Russian government enacted in July 2000 a 13% flat-rate tax on personal income. Since the emergence of the Russian Federation a decade ago, taxpayer compliance has been a problem. Hall and I set forth the mechanics of a specific flat tax proposal in an article entitled "A Proposal to Simplify Our Tax System." Twenty years later, the flat tax has become a reality in, of all places, the Russian Federation. On March 25, 1981, I first proposed the idea of a flat tax on the editorial page of The Wall Street Journal in an article entitled "The Attractions of a Flat-Rate Tax System." Later that year, on December 10, 1981, Robert E. ![]()
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