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Should Colorado change to a progressive income tax or continue to use a flat income tax structure?

1 Answer

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Answer:

They should continue to use a flat income tax structure.

Step-by-step explanation:

The disadvantages of progressive taxation are related to the fact that it affects incentives to work: Higher incomes imply higher taxes. Also, a progressive tax system is more difficult to implement, being more complicated as there are more tax brackets, thus determining higher administrative costs.

User Justin Jackson
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