Flat Tax Rate

Flat Tax Rate The article Issue compendium 64 – Why the Flat Tax Works for Everyone, discusses and uses examples of how monotone task would benefit the business man as swell as the average consumer. This article explains that a prone 17% levy rate should be imposed on everyone no number what, but exceptions as to allowances determined by family size. The monumental the family, the larger the allowance that could be taken out, pre revenue. I conceptualize this is a great idea. Currently our state is not passel up this way and I don’t count any(prenominal) state is set up to where we assume a meld flat levy for everything (including federal, state, income, etc…). I believe some states drift a flat income taxation rate, but that doesn’t class as braggy as a difference unless everything taxable 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 hulky 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 err corporate tax rates from 35% to 25%. These try like a radical tax cut, but I think term has proved (and will continue to) that this organization works.

Hong Kong is another great example of a country fount a flat tax and booming, in fact they retain had a flat tax rate for some term now, and they have been one of the fastest growing economies of the last 50 years. I’ve read also that China is ! also impression into stiring to a flat tax rate organisation 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 analogous 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 return it. Bush has made some...If you want to get a liberal essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper