Flat Tax Rate

Flat Tax Rate The article Issue abridgment 64 – Why the Flat Tax Works for Everyone, discusses and uses examples of how tactile propertyless task would benefit the business man as easily as the average consumer. This article explains that a planar 17% levy rate should be imposed on everyone no number what, but exceptions as to allowances determined by family size. The long the family, the larger the allowance that could be taken out, pre revenue. I return this is a great idea. Currently our state is non rotary up this way and I don’t think any(prenominal) state is set up to where we assume a join flat tax income revenue for everything (including federal, state, income, etc…). I believe some states chuck out a flat income tax rate, but that doesn’t move on as braggy as a difference unless everything dutiable is set to a flat rate. This brass appeals to me partly because we discussed this in class a little and it ca ught my interest. I looked into Russia’s flat tax change in 2001 and it’s been a big(p) 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 mooring corporate tax rates from 35% to 25%. These calculate like a radical tax cut, but I think term has proved (and will continue to) that this agreement works.

Hong Kong is another great example of a country sight a flat tax and booming, in fact they direct had a flat tax rate for some eon now, and they have been one of the fastest growing economies of the last 50 years. I’v! e read also that China is also flavour into bre kindredg to a flat tax rate remains 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 consume it. Bush has made some...If you want to get a seemly essay, order it on our website: OrderCustomPaper.com

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