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Flat Tax
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A 7 page paper discussing the flat tax proposal for replacing the current tax code. Former congressman Dick Armey (R-Texas) was and likely remains the leading proponent of abandoning the current tax system in favor of a flat tax on income. Armey's tax return would require the use of a 10-line postcard only; everyone would pay a flat tax rate of 17 percent, and a family of four with a $36,000 income would pay nothing at all. This is a scenario far removed from the current system, of course. Those who can least afford to pay taxes manage to pay a greater proportional share after those with greater means take advantage of the deductions and exclusions not available to lower-income groups. The purpose here is to investigate the flat tax. Bibliography lists 6 sources.
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Pages:
7
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Filename:CC6_KSflatTax.rtf |
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Paper Title:
Flat Tax
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