This paper argues for abandoning the current American tax system and switching to a flat-tax rate.
Written in 2007; 833 words; 1 sources; MLA; $ 29.95
Paper Summary:
The paper relates that with the complexity of the current US tax structure, many proponents are calling for a flat-tax rate system. The paper discusses how this method would simplify tax paying, increase the economy and could potentially be a cost-saver while increasing tax revenues. The paper explains that this system would be fairer and less complicated and stressful for citizens.
From the Paper:
"The flat-tax rate gaining the most consideration in America is the proposal "formulated by Robert E. Hall and Alvin Rabushka of the Hoover Institution. Their proposal would have two components: a wage tax and a cash-flow tax on businesses" (Bickley 4). The wage tax would be based only on salaries and wages, which the cash-flow tax would be based on gross receipts minus all costs. There are many positive aspects of this flat-tax proposal, which need to be discussed."
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