IF Congress passed a law that does away with progressive tax law and takes out tax-free provisions like gain exclusion on the sale of a property, social security income, life insurance proceeds, and child support, no filing status distinction, no tax credits, and no graduated tax rates but imposes a 20% flat tax on all income, what would be the advantages and disadvantages of paying under the flax tax system as a taxpayer and on the part Federal government? Will the imposition of the 20% flat tax result in government budget surplus or deficit?