Flat Tax Rate

Flat Tax Rate

The article Issue Analysis 64 – Why the Flat Tax Works for Everyone, discusses and uses examples of how two-dimensional task would benefit the business man as well as the average consumer. This article explains that a flat 17% levy rate should be imposed on everyone no number what, but exceptions as to allowances determined by family size. The large the family, the larger the allowance that could be taken out, pre revenue.
I think this is a great idea. Currently our state is not set up this way and I don’t believe any(prenominal) state is set up to where we assume a unite flat tax for everything (including federal, state, income, etc…). I believe some states shed a flat income tax rate, but that doesn’t build as braggy as a difference unless everything nonexempt is set to a flat rate. This brass appeals to me partly because we discussed this in class a little and it caught my interest.
I looked into Russia’s flat tax change in 2001 and it’s been a big improvement, showing much success. Not only did Russia tack to a flat tax, but they decided it would be a 14% rate instead of the standard 17%. Putin also skid corporate tax rates from 35% to 25%. These search like a radical tax cut, but I think term has proved (and will continue to) that this transcription works.



Hong Kong is another great example of a country aspect a flat tax and booming, in fact they have had a flat tax rate for some time now, and they have been one of the fastest growing economies of the last 50 years. I’ve read also that China is also flavour into switching to a flat tax rate system and it makes one wonder why everyone is switching. A flat tax seems popular among many of the communist countries and it worries me that if America doesn’t switch soon we may end up in the akin boat as Cuba or North Korea! Well, maybe not that far, but I think that a flat tax rate has proven itself and America should take that to heart and contain it. Bush has made some...If you want to get a enough essay, order it on our website: Orderessay



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