A Flat Tax Is A Tax

fair tax or a flat tax. This has been interesting for me because I hear a lot of debate on both sides about the legitimacy of both methods. There is an overwhelming feeling, fueled, in part, by the media, that wealthy Americans are not paying their fair share of taxes, when, in fact, that is not the case. In fact, an article from the directory About.com reports the following statistics from the Office of Tax Analysis: According to the Office of Tax Analysis, the U.S. individual income tax is "highly…

Flat Tax1 Current Tax System The current income tax system is very complex. It is so complex; that the IRS publishes 480 tax forms then they publish another 280 forms that explains the 480 forms. “The IRS sends out eight billion pages of forms and instructions each year, which, if laid end to end, would circle the earth 28 times. Nearly 300,000 trees are cut down each year to produce the paper on which IRS forms and instructions are printed” (Armey, Shelby). The main reason the tax code…

its breaking point. Our current tax system penalizes those that work and save money. People that pay no taxes still get to enjoy the benefits. The United States needs to look at which tax is fairer to the people and easier to administer by the government. Although some may disagree, the Flat Tax should replace the income tax to simplify and bring fairness to the system, increase income, and create jobs. Currently, the United States has a federal income tax that is very difficult to understand…

up under the current Progressive tax system, in the United States. A solution for the United States debt is to switch to a flat tax system. A switch to a flat tax system would simplify the tax process, it would make taxes fair and even, and it would allow the government to reduce the United States national debt. A flat tax system is a system that taxes every individual at the same percentage. It is not like any system the United States has seen before. US Tax History In the late eighteenth…

Flat Tax Our current income tax system today is very complex, unfair, inhibits saving, investment and job creation, imposes a heavy burden on families, and weakens the integrity of the democratic process. It can't be fixed and must be replaced. The U.S. income tax code is a long and complex system. The income tax system is so complex; the IRS publishes 480 tax forms and 280 forms to explain the 480 forms. The IRS sends out eight billion pages of forms and instructions each year. The…

The flat tax carries many names. Among these names are the “fair tax,” “progressive tax” or a “consumption tax.” Despite these nicknames, the flat tax is a proposal that taxes are collected on different goods and services. The basic premise is that everyone pays a certain percentage of tax on the things that they buy. This percentage varies depending on who is making the particular proposal. This idea of a tax on goods rather than on income has different arguments for and against it. The first major…

The current tax system is extremely complicated and punishes those who are successful by taxing people more than the average citizens. If flat tax were to be in the United States it would create fairness within the economy and be less complicated. Flat tax would not punish people for having higher income; instead flat tax would create equality to all tax payers. The taxpayers would not be complaining to the neighbors or their close relatives about their tax rates and how different they are from…

Flat Tax Reform: A Call to Action “I love paying my income tax! This tax system is so easy to understand!” said no United States citizen, ever. No one has ever said this because it is highly unlikely that no one actually enjoys struggling with the complexity of the current income tax system in the United States. The concept of contributing to the good of the community, county, state, and nation through taxation is not new, nor is it generally opposed by American citizens. Most tax paying citizens…

Flat Tax An Analysis of the Flat Tax Rate System Should the flat tax rate system be implemented? No, the flat tax rate system should not be implemented. In this paper, the pro arguments will be presented, which will affirm the thesis. Then the con arguments will be presented. A rebuttal will then follow, and finally, the author’s conclusion will be offered. The loudest clamor against the flat tax would come from homeowners, Realtors, and builders, who would be hammered as the flat tax…

Tax Paper Fair Tax, Flat Tax and Progressive Tax: Which Would You Choose? Principles of Taxation Fair Tax, Flat Tax, and Progressive Tax: Which Would You Choose? As Tax Paying Americans, Tax Plans are a very important concept in our lives. Do you feel that there is a better option out there? In this paper we will discuss the differences between the Fair Tax Plan, Flat Tax Plan and the Progressive Tax Plans. We will discuss the Pros and Cons of…