The Flat Tax :: essays research papers

Taxation has al slipway been a major controversy. conscionable like any major corporation, the government is constantly looking to plagiarize revenue. The easiest and fairest way to do this is by imposeing the people. However, how the people forget be evaluateed is always an issue. The modern tax income revenue schema that the United States uses contains several flaws. start of all, it is very complex. It is comprised of many various variables that can create loopholes. These loopholes can ready two equal income families to be paying very different tax rates. In fact, there are 480 different types of tax forms (Website). The current tax system is also very unfair for the wealthy. Because it is a progressive tax, it is higher(prenominal) for people who have higher incomes. People should not be penalise for being successful. If a tied(p) tax policy were instituted, wherefore it would simplify the complicated tax system, create fairness within the economy, and promote a d esire to thrive financially. The flat tax would simplify the tax system because instead of filling out a variety of complicated forms, a soul would only need to tell the IRS how much money they make, then give the percent of that amount. This would dissolve all of the loopholes that exist within the current system. It would cut back on the opportunities for unethical people to cheat. If the flat tax system were taken, taxpayers would save 94% in compliance costs (Website). The flat tax will make taxes fair for all people. No payoff what race a person is, what social class a person is in, or who theyre friends with, they will end up paying the said(prenominal) rate. Every single taxpayer will have to sacrifice just as much of his or her life as the next person lot the road. One of the three main reasons for taxes is to maintain fairness. This is most reasonable ways to maintain fairness. The wealthy will still be paying more money than the poor person, but they both have the sam e tax burden.Because all economic brackets are taxed equally under a flat tax, earning more money is no longer discouraged. Because there are no more marginal tax rates, people will have fillip to work more without worrying that the extra money they make will be taxed higher. It is said that the economy would grow by 5.