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For some years now many have called for simplifying the seemingly complicated Federal Income Tax and replacing it instead with a single flat Tax' say
For some years now many have called for simplifying the seemingly complicated Federal Income Tax and replacing it instead with a single "flat Tax' say 17%. Meaning everyone would pay 17% of their total income.
- Given what you have learned in this Module including the progressive, proportional, and regressive tax systems would you be in favor of this? Yes, No, and Why?
- Who would benefit more from the Flat Tax? Who would benefit less?
- Be sure to link the concepts we studied and/or an example to support and illustrate your answer.
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