Say Yes to a Flat-Tax

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."

Sample of Sources Used:

• Bickley, James M. "Flat Tax Proposals and Fundamental Tax Reform: An Overview." TaxFoundation.org. 31 May 2006. 23 March 2007.<http://www.taxfoundation.org/files/rl33443.pdf>

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• Persuasive Essay # 142583 : "The Inherent Fairness of the Flat Tax System"

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