• The Flat Tax System People Person
    485 words
    Taxation has always been a major controversy. Just like any major corporation, the government is constantly looking to raise revenue. The easiest and fairest way to do this is by taxing the people. However, how the people will be taxed is always an issue. The current tax system that the United States uses contains several flaws. First of all, it is very complex. It is comprised of many various variables that can create loopholes. These loopholes can cause two equal income families to be paying ...
  • The Flat Tax Income Armey Percent
    2,455 words
    The United States tax system is in complete disarray. Republicans and Democrats agree that the current tax code is complex, unfair, and costly. The income tax system is so complex; the IRS publishes 480 tax forms and 280 forms to explain the 480 forms (Armey 1). The main reason the tax system is so complex is because of the special preferences such as deductions and tax credits. Complexity in the current tax system forces Americans to spend 5. 4 billion hours complying with the tax code, which ...
  • Taxes Flat Tax
    1,324 words
    Taxes An income tax is a tax based on the income of an individual or a business. In the United States, personal income tax accounts for approximately 45% of the total tax revenue. i Income tax was first used as a temporary method of helping finance the Civil War. Soon after the Civil War, the income tax was repealed. Then, in 1913 the 16 th amendment was ratified to allow income taxation. At its simplest form there are three main types of income tax, a progressive tax, a regressive tax, and a pr...
  • Flat Tax Bill System Income Rate
    607 words
    106 th Congress 1 st Session H. R. 5 IN THE HOUSE OF REPRESENTATIVES OCTOBER 19 TH, 1999 Introduced the following bill in which was referred to the Committee on A BILL To tax income once and only once at a single rate. 1. Be it enacted by the Senate and the House of Representatives of the 2. United States of America in Congress assembled. 3. SECTION 1. THE TITLE 4. This Act may be cited as the " Flat Tax Bill." 5. SECTION 2. THE BILL 6. The flat tax replaces the current income tax code, which ...
  • Flat Tax Income Percent Pay
    3,026 words
    An Analysis of the Flat Tax Rate System Vince Vitoria Political Science 1, 7: 40 P. M. Ms. Entity July 16, 1997 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,...
  • The Flat Tax Issue
    554 words
    The Flat Tax A Reaction Paper The article on the Flat Tax system was actually one that I could relate to in terms of personal taxes. I have heard of this new system over the last five or six years, but I still have yet to see any type of action for implementation with this system. Before becoming enlightened about the new system through this article, I believed that the Flat Tax needed to be adopted by our government and adopted immediately. The thought of only paying fifteen percent to taxes is...
  • Our Tax System Needs Changing
    10,225 words
    Our current tax system is complex, costly, and unfair. Surely, America can do better for our children than redistribution and regulation. Our nation is over four trillion dollars in debt. It is time to act instead of letting lawyers and politicians play with our money. A flat tax plan is a simple solution to remedy the stagnant apathy our nation has been so accustomed to for the last seventy years. A flat tax would make calculating and collecting tax simple. According to 1996 studies, Americans...
  • Affirmative Essay On Individual Flat Tax
    5,157 words
    Should there be an Individual Flat Tax? The Pro Side Introduction While there are a number of different ways to debate the appropriateness of an income tax system, most academicians would agree that there are four broad categories that encompass the basic principles of a good tax system - fairness, ease, minimal interference and conduciveness to economic growth, and adequacy. Is the tax fair? Fairness at the basic level suggests that all people who are in similar circumstances sho...