Flat Tax Definition

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Although, a flat income tax rate is assumed to bring equality to income taxes, it holds a greater burden to the middle and lower class, than it does to the higher class. The flat tax rate would set an equal amount that everyone would be required to pay. It would ignore the difference between rich and poor taxpayers, which could be drastic. This would result in the middle and lower class possibly paying more and lose money for basic survival needs, such as housing and food. In America, progressive income tax rate is what we favor. It is the taxing mechanism in which the taxing authority charges more taxes as the income of the taxpayer increases. A lower tax is collected from taxpayers who earn less.
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