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In recent years, a debate has arisen over replacing the current complex income tax and payroll tax systems with a simpler flat tax on all
In recent years, a debate has arisen over replacing the current complex income tax and payroll tax systems with a simpler flat tax on all income. If Congress was to accomplish this, how might it affect the various social, economic, revenue and political issues that governments often consider when deciding how to raise revenue? Could this raise concerns about horizontal and vertical equity, redistribution of wealth and/or administrative convenience?
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Impact of a Flat Tax on Social Economic Revenue and Political Issues Social Income Inequality A flat tax is likely to increase income inequality by placing a proportionally higher burden on low and mi...Get Instant Access to Expert-Tailored Solutions
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Statistics For Business And Economics
Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams
11th Edition
978-0324783254, 324783256, 978-0324783247, 324783248, 978-0538481649
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