The use of a ''flat tax'' to replace the current income tax system has received a considerable

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The use of a ''flat tax'' to replace the current income tax system has received a considerable amount of interest in recent years. Various flat-tax proposals have been made, but the gist of a flat tax is the use of a single tax rate with very few deductions. Using a search engine or one of the tax directory sites provided in Exhibit, find a flat-tax proposal and explain how it would affect the deductions currently allowed by the income tax system.

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Concepts In Federal Taxation

ISBN: 9780324379556

19th Edition

Authors: Kevin E. Murphy, Mark Higgins, Tonya K. Flesher

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