Flat Tax over the Current Tax

Policy

The focus of this paper is to demonstrate effectiveness of flat tax over the current tax rate. Presently, the U.S. government employs progressively tax law as the current tax policy. Under the current tax policy, the government increases taxes with increase in income. Analysis of the current tax policy reveals that the tax system is very complicated to understand because corporate organizations face multiple taxations in a fiscal year. Moreover, the current tax forms are very complicated for an ordinary taxpayer to understand. Based on the complications associated to the current tax policy, this paper proposes the flat tax policy that will make all businesses and individuals to pay equal tax rate. The paper provides several benefits of flat tax policy over the current tax system. For example, the flat tax will adopt the basic principle of taxation. The tax returns of the...
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