Pros And Cons Of Flat Tax

Republicans and Democrats unanimously agree that our current tax system is corrupt. The countless years of adding and removing policies have made our tax codes more confusing than they need to be. That is why the United States should introduce an easier and more “down to earth” form of taxation, a flat tax. The flat tax is a policy where everyone pays the same percentage of their income annually. Although some people prefer the current tax structure, a flat tax system would eliminate other taxes, allow more people to participate in taxes, and promote economic growth. The flat tax system is not the most beloved solution. Nearly all people who oppose the flat tax believe that it will only benefit the wealthy and would make the lesser fortunate pay tenfold. If a flat tax were to be introduced, people who did not have to pay taxes or those who paid a lesser percentage than the imposed flat tax would have to forge over their hard earned cash to fund the vital services they use regularly (History and Debate of Flat Tax). On the latter;
This is because they are either avoiding taxes altogether or because they are not financially stable enough to fit into a tax bracket. Introducing a flat tax could potentially make their financial dreams come true by eliminating many other taxes that people and corporations dread, such as capital gains tax, estate tax, and litigation tax (List of 9 Main Pros and Cons of the Flat Tax). With these taxes out of the way, many companies would flock back to the states and flourish in the super affordable and loophole-free taxes. As companies come storming back into the United States, jobs will come with. Great numbers of people would be employed, finally receiving enough pay to partake in the taxation celebration. That flat tax would save people so America can live