I think out of all of the taxes, Flat tax is the most fair. Its what i chose for the debate but also i think its just the simplest and something i have the most understanding on. As far as clarity goes, its definitely the most clear in the sense that every tax rate is the same. In my own little scenario, i think a flat rate of 12% would be ideal because it even though the low-income tax payers have to give more of their money than the wealthier tax payers, its still a low enough rate that they wont need to worry about going broke over.
1. There are a lot of debates about the fairness of the Flat Tax but in retrospect, i think that it is the most fair. The main argument against this is that if you take the same rate from everyone, the low-income tax payers will be feeling it more than the wealthy citizens. Well, thats pretty much the truth for every tax rate so i dont think that is very liable argument. What the flat tax does is take the same percentage out of everyone's income. Yes, if you have a lower income then your paychecks will feel drastically smaller than before, but it will be equally as small as the wealthy. If that makes sense... The same amount is taken out of everyone. The end. I think it is the most fair out of all of the tax markets.
2. Along with being the most fair, its the most simple. There is a less likely chance for people to get away with cheating their taxes and much less loopholes. "Simplicity is considered a significant benefit of the flat tax system. One tax rate makes for easy computation by the Internal Revenue Service and straightforward payments from taxpayers. Because the flat tax taxes only one income, it is easier to understand and to report. Taxpayers save the financial cost of complying with current IRS regulations, which often includes lawyers, accountants and other resources." (http://smallbusiness.chron.com/pros-cons-flat-tax-4210.html)
3. The quote from above wraps up convience and clarity pretty well, i think. It just seems like with all of the taxes that are being eliminated from from the economy, filing taxes would bemuch easier becasue their is less to deal with. " It removes the section of the tax code that is biased against the formation of capital. It eliminates the death tax, capital gains tax and double taxation of savings and dividends. Families and individuals are not required to report dividends, interest or other business-related income; this income is taxed at the business level. The flat tax makes it unnecessary to pay interest, dividends and other business tax at the individual levels."
**not finished**
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