As it stands, the United States uses a progressive tax system. This means that the more money you make, the higher percentage of that money you must pay to the federal government. The same is also true in that the less you make, the lower percentage you pay in taxes. This sounds fair, however is far from that. A flat tax would solve this problem. If there is a flat tax of lets say 10% then someone making 30,000 dollars a year pays 3,000 dollars in taxes. If someone makes more say, 100,000 dollars a year they pay 10,000 dollars a year in taxes. One can see that the more you make the more you pay, just like in today's tax system, however it is the same proportion of ones income as someone who makes less. This tax system would lower taxes (yes i know it makes less revenue for the government but lets face it, its not their money), make filing taxes exponentially easier, and stimulate investment. What do you think?
Nicholas Conlin
POS1041
11:35am
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2 comments:
Yes a Flat Tax would be Good.Anything is better than what we have now.Flat tax seems fair but its really not i mean if you make 30,000 losing 3,000 hurts a lot more than losing someone who make 300,000 losing 30,000.The fairest way too do it would be have a fair tax were its no income tax and a high sales tax.
Avery, Michael
CPO2001 8:35 AM Thurs/Tues
A high sales tax also hurts those with less money. The flat tax can be considered regressive in that the tax paid removes a larger portion of the money that the person at $30,000 needs to live off of than the person earning $100,000. A high sales tax also hurts the lower end of the economic spectrum, removing more of their money they need to make it through a day than it does the higher incomes. People need to think of taxes as what we pay to get a cop on the street, teacher in the class, a street, the military we love to pour money into, and realize that as wealthier individuals who are not sharing the growth in our paychecks with those who allow our paychecks to grow as much as they have by doing the actual work.
Michael Desilets
CPO 2001
T/R 8:35
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