{"id":1571,"date":"2005-07-18T00:01:29","date_gmt":"2005-07-18T00:01:29","guid":{"rendered":"http:\/\/zmetro.com\/?p=1571"},"modified":"2005-07-18T00:01:29","modified_gmt":"2005-07-18T00:01:29","slug":"fast_growing_co","status":"publish","type":"post","link":"https:\/\/www.zmetro.com\/?p=1571","title":{"rendered":"Fast Growing Companies Prefer a Flat Tax"},"content":{"rendered":"<p><a href=\"http:\/\/www.inc.com\/criticalnews\/articles\/200507\/flattax.html\">Matthew Phan discusses<\/a> the obvious benefits of a simplified tax system.   We waste hours and hours on our current tax morass:<\/p>\n<blockquote><p><i>Of the 341 executives interviewed, 48% preferred a flat corporate rate over the current tax system for businesses like their own, compared to 16% who supported the current system. 13% preferred a value-added consumption tax and 23% indicated that they were uncertain which was better.<br \/>\nThe complexity of the current system could be one reason owners prefer a flat tax, at least from the CEOs that Inc. interviewed separately. &#8220;The simpler the tax structure and the more visibility you give it, the better,&#8221; said David Steinberg, founder and CEO of InPhonix, the No. 1 company on the Inc. 500 list in 2004. &#8220;The more complex a system, the more accountants you need to hire.&#8221;<\/i><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Matthew Phan discusses the obvious benefits of a simplified tax system. We waste hours and hours on our current tax morass: Of the 341 executives interviewed, 48% preferred a flat corporate rate over the current tax system for businesses like their own, compared to 16% who supported the current system. 13% preferred a value-added consumption [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[],"_links":{"self":[{"href":"https:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts\/1571"}],"collection":[{"href":"https:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1571"}],"version-history":[{"count":0,"href":"https:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts\/1571\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}