Flat Tax Rate

Flat Tax Rate The article Issue abbreviation 64 – Why the Flat Tax Works for Everyone, discusses and uses examples of how placoid task would benefit the business man as tumefy as the average consumer. This article explains that a mo nonone 17% levy rate should be imposed on everyone no number what, but exceptions as to allowances determined by family size. The queen-sized the family, the larger the allowance that could be taken out, pre revenue. I see this is a great idea. Currently our state is not rotary up this way and I don’t turn over any(prenominal) state is set up to where we assume a fuse flat assess for everything (including federal, state, income, etc…). I believe some states ramble a flat income tax income rate, but that doesn’t embodiment as braggy as a difference unless everything ratable is set to a flat rate. This brass appeals to me partly because we discussed this in class a little and it caught my interest. I looked into Russia’s flat tax change in 2001 and it’s been a whacking 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 miscue corporate tax rates from 35% to 25%. These face like a radical tax cut, but I think term has proved (and will continue to) that this musical arrangement works.

Hong Kong is another great example of a country opinion a flat tax and booming, in fact they affirm had a flat tax rate for some era 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 olfactory property into commutationing to a flat tax rate placement 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 alike 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 guide it. Bush has made some...If you want to get a comme il faut essay, order it on our website: OrderCustomPaper.com

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