Flat Tax System Essays

1742 Words 7 Pages
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 each other. Despite the fact that federal employees would be out of jobs, the United States should have flat tax implemented because flat tax spans all income brackets of taxpayers and would have low rates with no deductions or exemptions. A flat …show more content…
People can have more of what they earn and not worry about getting taxed too much. Even though, flat tax will have federal employees out of jobs it is still a good idea to have flat tax. Flat tax is good because “in addition to the income tax, the federal government imposes payroll tax, death tax, and a slew of excises. The New Flat Tax replaces them all for individuals, families, and businesses with one tax system with one tax rate of roughly 28 percent” (The New Flat Tax: Encourages Growth and Job Creation). This is a good because they pay more attention on people and their family and where they work. Flat tax is also good because “the new flat tax retains the Earned Income Credit to preserve the level of income support for low wage workers. And low and middle-income families also receive a tax credit of $3,000 ($2,500 for singles) toward the purchase of health insurance” (The New Flat Tax: Encourages Growth and Job Creation). This is good because people who need to go to the doctor or get medication can help them with the extra money they have. The most important reason is flat tax would give taxpayers incentive to earn more because they would not be penalized with a higher tax bracket. “Flat tax encourages economic growth by avoiding a system in which you are penalized in higher taxes for being productive and earning more money” (Mitchell). This supports it because people get to keep more of their money when they work for it
Open Document