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Flat tax. Stove Forbes ran for U.S. president in 1996 and 2000 on a platform...

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Accounting

Flat tax. Stove Forbes ran for U.S. president in 1996 and 2000 on a platform proposing a 17% flat tax, that is, an income tax that would simply be 17% of each tax paycr's taxable income. Suppose that Alice was single in the year 2020 with a taxable income or $30,000 and that Joe was single in the year 2020 with a taxable income of $300,000.
2020 Tax Table for Singles
\table[[\table[[If Thuable],[Income]],,,\table[[The Thx],[is]],],[Is ower,\table[[But not],[ovor]],\table[[This],[amount]],\table[[Pus this],[x
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