The Argument Of Federal Progressive Income Tax

of the year tax season rolls in and millions of people rush to prepare their previous year’s financial statements and documents, ready to calculate their tax returns and credits. Currently, thirty-four states use progressive income tax systems, and seven states utilize flat tax systems. The remaining nine states either have no income tax or a “limited income tax” on individuals, taxing only dividend and interest incomes (i.e. AK, FL, NV, SD, TX, WA, WY, NH, TN) (Bell). A progressive tax system is most

election year in 2016, the subject of tax reform has taken central stage to many of the issues being discussed. Today, many Democratic lawmakers continue to support rising tax rates under the current progressive tax system, while Republican lawmakers are making a push for a flat-tax system. As concerns over slow economic growth, high unemployment rates, and large government spending deficits grow among millions of Americans, the idea of a Eastern European modeled flat-tax system has grown. Some presidents

of the year tax season rolls in and millions of people rush to prepare their previous year’s financial statements and documents, ready to calculate their tax returns and credits. Currently, thirty-four states use progressive income tax systems, and seven states utilize flat tax systems. The remaining nine states either have no income tax or a “limited income tax” on individuals, taxing only dividend and interest incomes (i.e. AK, FL, NV, SD, TX, WA, WY, NH, TN) (Bell). A progressive tax system is most

has long been a debate about the progressive tax. Is it fair that the citizens who earn more are taxed at a higher rate? Is it fair that those who do not make as much pay a smaller percentage of taxes? This paper will discuss these questions along with the history of progressive tax. The United States collects income from six different tax brackets that range anywhere from 10% to 35% on an individual’s taxable income. Keywords: progressive tax, federal income taxes, ability to pay.   “In 1913

the topic of the federal income tax. Specifically, the discussions have revolved around how exactly the people should be taxed. There are several ways in which tax rates can be determined, and all of them have some form of a strong argument behind them. The flat tax is the best option as, by nature, it is the most fair. Tax rates are measured by percentages, and when taxes are collected by percentages, the wealthy are already paying more money than the poor. For example, if a flat tax rate of 20% is

become completely engaged in finding ways to earn income based on taxing its colonies. So resistant to the idea of taxation with the first colonists that the first federal statutes in the United States imposing the legal obligation to pay a federal income tax were adopted by

Through much of the United States of America’s early history, there was no tax assessed on personal income. Because our nation was formed following a rebellion against England for “taxation without representation”, the founding fathers recognized the need for the new government to be able to tax fairly to operate. But the initial taxes levied by the fledgling U.S. were almost exclusively excise taxes levied against such things as whiskey, tobacco, slaves, and land grants. Only due to the large

of the more intriguing of these has to be the debate on the structure of the current tax system. Many GOP hopefuls are putting forth plans to impose a Flat Tax System. The scope of this paper is not to analyze, per se, the reasons behind their putting forth such ideas. Instead, this paper will attempt to analyze the ethical considerations and ramifications of a flat tax system as opposed to our current progressive system. In order to accomplish this goal the following study will: present a thorough

Comparative Analysis of the Estate Tax First and Last Name Class Number Teacher’s Name Date While the Presidential election of 2016 has been non-traditional in many ways, one issue that has retained its conventional place in American politics is the debate over the estate tax. According to Merriam-Webster Dictionary (2016) the estate tax, labeled the “death tax” by its opponents, is a tax that a person must pay on an estate (money or property) that he or she inherits. Given the circumstances

current time period, people are debating which tax system should be implemented. Even though this is a broad topic and a national issue, this paper will only cover the income tax version of these systems, and which income tax system would be most beneficial to the state of Texas specifically. Currently, there are three main types of income tax systems, and they are the progressive income tax system, the flat income tax system, and the no income tax system. By analyzing research from reputable economists