Thursday, February 21, 2013

Progressive Tax

A major controversy that has persisted throughout history is valueation. quasi(prenominal) to any major corporation, the government is always looking for a way to keep revenues maximized. The most simple way to do this is by tasking the state; however, how the people will be taxed is the question.
The current tax system used in the joined States contains many flaws. The main reason for the flaws is be earn how complex it is. There ar many loopholes due to the many various variables used in the tax system. The use of the income can cause two come to income families to stick out very different tax rates. Currently on that point be more than 450 different tax forms, which can cause confusion with one family causing a higher tax rate than another. With the current tax system, wealthy families are taxed more, which seems unsportsmanlike to those specific families. Progressive taxes cause higher taxes for people who devote higher incomes, and lower income families will pay fewer taxes. It seems as if it punishes people for being successful. If at that place were a flat tire tax policy, it would create a more fairness system among all the people. It would simplify the complicated tax system, promote people to thrive financially, and create fairness within the economy.
A flat tax rate is fair with all people.

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The race of a person, their social class, who their friends are, and any other characteristics will all pay the said(prenominal) tax rate. Each person will give oneself up the same as the next person. This will allow a wealthy person to pay more coin than a poor person, but they both will have the same tax burden based on their income. Earning more money is no longer discouraged, as all economic brackets are taxed equally under a flat tax. Currently there are many families that try to stay within trusted marginal taxes to prevent making the next bracket; with a flat tax rate it would encourage people to switch more money without the worry of paying more taxes. nigh studies have predicted that the economy would grow approximately...If you want to get a full essay, order it on our website: Orderessay



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