Flat Tax And Fair Tax
The federal income tax was established in 1913 and since then it has become so complex that it requires millions of Americans to seek professional help every year. In addition to that, an expensive federal bureaucracy is required to enforce and administer the tax. The tax law was created to provide programs and services to the people that people wouldn't want to pay for themselves. And through the tax system, we pay for these services that the government provides us. As much as a tax system is needed, many people believe that the income tax system can penalize work, discourage saving and investment, and hinder the competitiveness of business. There have been many efforts and debate about simplifying the tax law, and among the most popular plans are the fair tax and the flat tax. In this paper, I will talk about the features of each tax system and discuss some of the advantages and disadvantages of both proposals while concurrently comparing them to our current tax system.
The flat......
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Approximate Word Count: 2412
Approximate Pages: 10 (250 words per double-spaced page)
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