The Flat Tax: A Critical Analysis

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"The somewhat progressive nature of tax rates as income increases is one of the central features of the United States? personal income tax system. That effective rates, the established percentage of one's income that one must pay as income tax (Rosen 537), increase as income increases, has been true of the United States? tax system since its inception. Criticism of the United States? tax system abounds, and some recent reform proposals have centered around a "flat tax," a taxation scheme where all personal income is taxed at the same marginal rate, the percentage of each additional dollar of income that is collected by the government in taxes (Rosen 534), rather than at differential rates that rise with income. For instance, under the current system, an additional $100 of income is taxed at a higher rate if one's total tax bill is $100,000 than if one's total tax bill is $20,000. If marginal tax rates were the same, this additional $100 of income would be taxed at the same rate regardless of one's income. The two proposals to which serious attention has been given are the Armey plan and the Hall-Rabushka flat tax plans."

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