Flat Tax Rate

Flat Tax Rate The article Issue digest 64 – Why the Flat Tax Works for Everyone, discusses and uses examples of how unwavering task would benefit the business man as fountainhead 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 oversize the family, the larger the allowance that could be taken out, pre revenue. I debate this is a great idea. Currently our state is not throttle up this way and I don’t see any(prenominal) state is set up to where we assume a immix flat evaluate for everything (including federal, state, income, etc…). I believe some states stray a flat income tax revenue rate, but that doesn’t anatomy as braggy as a difference unless everything rateable is set to a flat rate. This brass appeals to me partly because we discussed this in class a little and it caught my intere st. I looked into Russia’s flat tax change in 2001 and it’s been a macro 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 eluding corporate tax rates from 35% to 25%. These pursuit like a radical tax cut, but I think term has proved (and will continue to) that this organisation works.

Hong Kong is another great example of a country thought a flat tax and booming, in fact they fuck off had a flat tax rate for some metre now, and they have been one of the fastest growing economi es of the last 50 years. I’ve read a! lso that China is also serrated wrack into projecting to a flat tax rate dodging 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 kindred 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 invert it. Bush has made some...If you want to get a large essay, order it on our website: OrderCustomPaper.com

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