Ah, taxes. The long time, century old problem. The reason why the United States revolted against the British perhaps? But if there are no taxes, the government won't have any money to support itself. I mean, that's why the Articles of Confederation failed so miserably right? How else is the government supposed to support itself? It seems only fair that since the government is paying workers, workers should give a certain percent back. So since taxes are inevitable and proven to be a necessity for a country like the US, it seems only fair to have the government try to make taxes as fair as possible.
The flat tax sounds good to me, at first, and perhaps to most citizens who don't really know anything about taxes besides the fact that they have to give away part of their incomes. United States presidential candidate Raymond Rubio introduced two tax brackets instead of one, 15% for those earning $75,000 or lower and 35% for those who earn higher than that.This proposal is the closest thing to flat tax than the others that we have, considering that that it is only two tax brackets instead of numerous brackets. However, as learned from the Russian oligarchs, flat taxes allow loopholes and possible the government leeching off big companies.
So rather than follow in the Russian's footsteps, the United States is inventing their own version of the flat tax, as they do. A flat tax will entail the elimination of most tax breaks (a big no-no from the citizens, am I right). It also entails a new consumption tax, in other words, a national sales tax (an even bigger no-no from the citizens).And knowing the United States government, flat tax rates are not going to stay the same for a year or two, they will probably change every few months depending on how much revenue the government needs to pull in. Perhaps, this is why Ted Cruz, Rand Paul and Russian oligarchs love the flat tax. Because they love equality.
But, overall, the major and most obvious problem is the amount of money needed to keep the government afloat. With the huge debt, and probably still accumulating) the flat tax rates might rise to 45% or even higher. The flat tax doesn't really seem like a bad thing at the beginning, but if one were to look at the details it might possibly take more from the person than he or she is giving right now.
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