Flat Tax Essay

of a flat tax was popularized by Stephen Forbes in his 1996 presidential campaign when he proposed a universal income tax rate of 17 percent. Republicans have been advocating for a flat tax plan ever since and the latest crop of presidential hopefuls eclipsed by Donald Trump, proposed similar plans. Ted Cruz was talking about a flat 10 percent while Bush, Huckabee, Carson, Rubio and Rand Paul all had similar ideas. The 2016 Republican nominee, Donald Trump, also advocates for a reduction in tax brackets

income tax when they complain about taxes. There has been debate for decades about the current system but there has been no agreement on how to fix it. The United States currently has a progressive tax code which means people pay taxes according to their earnings. This has been in place since the time of Abraham Lincoln. An alternative

Funds received through tax collection are used in many different ways; a large portion of taxes collected fund our military, are applied towards the United States’ national debt, federal relief organizations, and to law enforcement and other government agencies. Although every working American is required to pay taxes based on their income, deductions, and withholding allowances, the way in which those wages are taxed has often been questioned. Here, we use a progressive tax rate structure. This method

Reflections of the Progressive and Flat Rate Tax Structure Tax structures are complex and play a prevalent role in American society. Taxation is important to understand because the designed tax policies are intended to foster economic stimulation and behavior. Although economists differ on the appropriate American taxation structure, taxation promotes both incentives and disincentives in behavioral outcomes. These differing views are debated to whether the United States should adjust from its present

being said, the United States has adopted a progressive tax since its very existence. We believe that if our nation is placed under a flat tax system, our economy will operate more effectively. If we incorporate a flat tax system we will be able to ensure fairness among all citizens, eliminate tax loopholes, and allow opportunities for business expansion. With this being said, we will be examining the strengths and weaknesses about the flat tax system and how it has been used into practice. First

Our society today has strived to become familiar with our present tax system, but some just cannot come to terms with it. The current tax code is unfair to those who are single, work for under $50, 000 dollars per year, or have large families. The high tax percentages and low exemptions make it difficult for the average worker to prosper and get ahead in today’s world. The tax system also discourages citizens from saving and investing their earnings, ultimately pulling down the American economy

The IRS argues against the flat income tax since it is regressive with all taxpayers paying the same tax rate. While it is true that the current federal income tax system is progressive, the primary argument for a flat or flatter tax is to simplify the tax system. A flat or flatter federal income tax system with a limited number of exclusions and deductions could accomplish the same goals in a much more expedient way. The current income tax system is inherently complex. The guide provided to citizens

of the caucuses. One 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:

at its breaking point. Our current tax system penalizes those that work and save money. People who pay no taxes still get to enjoy the benefits. "A revolutionary change in our tax system is fundamental to re-energizing the American economy and restoring the American dream." (Moore) The United States income tax should be replaced with a consumption tax such as the flat tax to

Is a flat tax really better than our current progressive tax system? It is currently being contemplated as an alternative solution to the ever-increasing tax debacle in the United States. With such a significant and potentially life-changing event on the rise, it is vital to address the concerns involved. If implemented, the flat tax system would cause a loss of revenue for the government, greatly reduce IRS jobs, and negatively impact the lower income families. First, to understand the effects