Essay about The Flat Tax

Essay about The Flat Tax

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Tax season is not fun. It brings the un-enjoyable experience of sitting in an overpaid tax preparer’s office; it brings another year that the U.S. cannot collect enough taxes to cover the ever increasing budget; and it brings another year that almost half of this country will not owe anything to contribute to our growing financial needs. Currently, these tax problems have become more evident to the public and are being addressed in this year’s presidential campaign. Some candidates are recommending a flat tax structure. Most citizens have a strong misunderstanding of the concepts behind this structure, which has caused the flat tax to fade away, being a figment of past campaign slogans over the last few decades. The flat tax is the solution to the current tax debacle and should be implemented because it is the fairest way to share the tax burden, it is less complicated and easier to enforce, and it can generate at least as much revenue as the current tax system.
The flat tax, as defined by Wikipedia.org (2011), is a tax system with a constant marginal tax rate that is usually considered when applied to personal income and corporate income taxes. There are several proposals for flat tax structures. This paper is not going to choose a set proposal; instead it will argue for the implementation of the basic definition of the flat tax and that the selection of the proper proposal should be left up to the voters. The flat tax structure has been successfully implemented in several countries. Russia is considered one of the best examples of a successful flat tax system. According to Businessweek.com (2005), “Moscow, which introduced a flat tax in 2001, saw its income tax revenues more than double in real terms from 2000 to 2004.” Russia...


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Hall, R., & Rabushka, A. (1983). Low Tax, Simple Tax, Flat Tax. New York: McGraw-Hill Book Company.
Internal Revenue Service. (n.d.). Internal Revenue Service. Retrieved January 12, 2012, from http://irs.gov
Minarik, J. (1982, July 27). Testimony before the Subcommittee on Monetary and Fiscal Policy. Congressional Budget Office. Retrieved January 15, 2012, from www.cbo.gov/doc.cfm?index=10939
National Taxpayers Union - Who Pays Income Taxes?. (n.d.). National Taxpayers Union. Retrieved December 21, 2011, from http://ntu.org/tax-basics/who-pays-income-taxes.html
Wikipedia Flat Tax. (n.d.). Wikipedia. Retrieved December 15, 2011, from http://en.wikipedia.org/wiki/Flat_tax
Williams, R. (n.d.). Tax Policy Center Why Nearly Half of Americans Pay No Income Tax. Tax Policy Center home. Retrieved January 20, 2012, from http://taxpolicycenter.org

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