Flat Tax
The United States is the third largest country in the world with just over three hundred and twenty-three million people. If all of these people have jobs and have an income, they will be taxed at the beginning of each new year. In order for our nation to run properly we need a budget and that budget comes directly from our incomes through the tax system. The tax system is a very complicated system that many believe needs to be changed, by instilling a flat tax system. A flat tax system is a system in which everyone in the country is taxed at the same rate regardless of their income. Many believe that it is the best system as it is quick, simple and fair because no one is taxed at a higher rate solely due to the amount of money they make. The
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Although many Republicans will disagree with it, the concept of a flat tax system will “certainly benefit high income houses with a large amount of investment income more than the middle and lower classes that rely on wages alone” (Salam). A flat tax system will provide an advantage to those of the upper class who often rely on investments for income as well as wages. With a lowered tax on investments this will provide them with both a lower income wage tax as well as investment taxes resulting in these people keeping a larger sum of their money. Those in favor of a flat tax like to avoid this and instead talk about how it has been successful in other …show more content…
According to The Wall Street Journal, upon conducting a poll only 28% favored a flat tax and 39% opposed it while the rest weren’t sure. The flat tax has historically held a large amount of uncertainty when it comes to people's support, as it is relatively unproven. The idea of a flat tax is much more popular with Republicans with 48% issuing supporting towards it, yet although it is proposed over and over again every election recently by Republicans. They still do not hold a majority of support even among those who are registered Republicans (Brady). Despite all of these reasons there is still a large amount of support for the flat tax among the people and the 2016 GOP
Although many Republicans will disagree with it, the concept of a flat tax system will “certainly benefit high income houses with a large amount of investment income more than the middle and lower classes that rely on wages alone” (Salam). A flat tax system will provide an advantage to those of the upper class who often rely on investments for income as well as wages. With a lowered tax on investments this will provide them with both a lower income wage tax as well as investment taxes resulting in these people keeping a larger sum of their money. Those in favor of a flat tax like to avoid this and instead talk about how it has been successful in other …show more content…
According to The Wall Street Journal, upon conducting a poll only 28% favored a flat tax and 39% opposed it while the rest weren’t sure. The flat tax has historically held a large amount of uncertainty when it comes to people's support, as it is relatively unproven. The idea of a flat tax is much more popular with Republicans with 48% issuing supporting towards it, yet although it is proposed over and over again every election recently by Republicans. They still do not hold a majority of support even among those who are registered Republicans (Brady). Despite all of these reasons there is still a large amount of support for the flat tax among the people and the 2016 GOP