The United States Should Not Impose a Flat Tax Essay

The United States Should Not Impose a Flat Tax Essay

Length: 935 words (2.7 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview

A flat tax is a system in which a person’s income is not a factor and a single rate is set for all taxpayers. This kind of tax includes no deductions or exemptions. The United State’s current, progressive tax is very different from a flat tax, the most noticeable reason being that a progressive tax takes different percents of income depending on what income bracket a person falls into (Investopedia). During 2010 in the United States, “individuals who earned up to $8,375 fell into the 10% tax bracket, while individuals earning $373,650 or more fell into the 35% tax bracket” (Investopedia). When using a progressive tax, there are also a slew of deductions that people can take to lower their taxes, but a flat tax does not allow for any deductions; everyone has to pay the set rate (Irons). A flat tax is not a new idea, even in the United States, it has been proposed multiple times. Not long ago, Rick Perry and Newt Gingrich supported the flat tax during the 2012 Republican Presidential Campaign (Pethokoukis). In other places in the world it has become widely accepted and has already been implemented in over forty countries. The idea started in Hong Kong in 1947, but became more popular in the 1980’s and 90’s. “Among the first countries to adopt a flat tax system were Latvia, Lithuania, and Estonia, in 1994” (Lewis). Other small countries such as Mongolia, in 2007, and Seychelles, in 2010. Eventually even Russia, a country of monumental size, joined the flat tax movement in 2001 with a rate of 13% (Lewis). In the United States, A flat tax could make taxes much simpler by replacing all other income, payroll, and death taxes as well as many other excises while still bringing a good amount of money into the government and improving the ec...


... middle of paper ...


...www.heritage.org/research/factsheets/2012/01/the-new-flat-tax-encourages-growth-and-job-creation>.
Pethokoukis, James. "Fix, Don't Flatten, the Tax Code." Nationalreview.com. National Review Online, 28 May 2013. Web. 19 May 2014. .
Phillips, Kerk. "A Flat Tax Is Not Incapable of Funding the Government and the Poor." DeseretNews.com. Deseret News, 19 Feb. 2013. Web. 19 May 2014. .
"Tax Brackets." Bankrate.com. Bankrate, n.d. Web. 18 May 2014. .
"What Are the Advantages and Disadvantages of Adopting a Flat Tax in the US? - Ask TaxGuru." Ask TaxGuru RSS. N.p., n.d. Web. 17 May 2014. .

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Replacing the Income Tax With the Flat Tax Essay

- Did you know that an astonishing 43.4 percent of the people in America do not pay any income taxes" (McCullagh 1). This is roughly 65.6 million people that aren't paying taxes and this is putting our economy and country at its breaking point. Our current tax system penalizes those that work and save money. People that pay no taxes still get to enjoy the benefits. The United States needs to look at which tax is fairer to the people and easier to administer by the government. Although some may disagree, the Flat Tax should replace the income tax to simplify and bring fairness to the system, increase income, and create jobs....   [tags: Economics ]

Better Essays
2323 words (6.6 pages)

Essay on Why the Flat Tax is Better for America Than the Income Tax

- Did you know that 44 percent of the people in America do not pay any income taxes. This is approximately 66 million out of 151 million that now pay no income taxes. From 1950-1990, the percentage of people that owed no money for federal income taxes and paid no federal income taxes was 22 percent. This has now doubled and is putting our economy and country at its breaking point. Our current tax system penalizes those that work and save money. People who pay no taxes still get to enjoy the benefits....   [tags: Economics ]

Better Essays
1368 words (3.9 pages)

Brief History of Taxing in the United States Essay

- Many ponder the idea of federal taxes and whether the wealthy deserve to pay a higher percentage rate of their overall income. That is, they argue that because our society needs more equality and a lower national budget deficit, taxes on the rich must be raised. This specific topic has been discussed for decades, and due to the severely different perspectives, it is unclear whether the two sides will ever come to an agreement. President Barack Obama and much of the Democratic Party strongly lean towards raising taxes on the rich, while the conservatives and the Republican Party heavily lean towards a more balanced flat tax....   [tags: republicans, rich, democrats]

Better Essays
3332 words (9.5 pages)

Essay on The World Is Flat, By Thomas Friedman

- Free College in the Flat World What if I told you there is a way to cut your school debt in half. If someone told you two years of college were free would you have more interest in attending. By making the first two years of college or community college free, this could become a reality. In Thomas Friedman’s book, “The World is Flat”, he explains modern globalization and how important education is. In modern culture, college is something that has shifted into something necessary to compete globally....   [tags: Higher education, College, The World Is Flat]

Better Essays
1242 words (3.5 pages)

Essay on Thomas Friedman’s The World is Flat

- World History In Thomas Friedman’s The World Is Flat he presents his idea of the globalization of the world in all areas; from economic to communication with other countries. Friedman is a journalist from the New York Times and most of his work focuses on economic and technological innovations and advancements, and furthermore how they are associated to history. The ideas he presents in this book are both plausible and convincing. The main focus is whether the world is “flat“. The answer to this question depends on the readers’ political, economical, and technological opinions....   [tags: The World is Flat]

Better Essays
1047 words (3 pages)

Essay about Should the Police Be Allowed to Impose Brain Scans on Suspects?

- ... Thus, the defendant would have been proven guilty, before commencing trials. As well as, it is believed here that the use of brain scans by police and evidence would misdirect the Jury, as Dr Farahany states that jurors often tend to believe that science is the objective truth, therefore showing that if police officer are given the right to use brain scans on suspects, evidence taken from the scans in court would be regarded more sufficient than “witness interviews, testimony by the accused under cross examination, and even the person's body language”....   [tags: justice, crime, mens rea, evidence]

Better Essays
800 words (2.3 pages)

Should the US Impose Economic Sanctions on Russia Essay

- Living in an anarchical world has many implications. From Milner’s essay (1991), anarchy is said to imply three things. Anarchy may imply the lack of order among the countries which is not the case in the present time. It may imply a lack of government that points out that there is no central authority in the international sphere. Lastly, it may imply a lack of institutions and laws that govern the actions of each country. Fortunately, even though we live in an anarchical world, the international sphere of today’s time has some semblance of order even though it lacks a central government, institutions, and laws....   [tags: ukraine, russians, anarchichal world]

Better Essays
1667 words (4.8 pages)

Flat Tax Essay

- The current tax system is extremely complicated and punishes those who are successful by taxing people more than the average citizens. If flat tax were to be in the United States it would create fairness within the economy and be less complicated. Flat tax would not punish people for having higher income; instead flat tax would create equality to all tax payers. The taxpayers would not be complaining to the neighbors or their close relatives about their tax rates and how different they are from each other....   [tags: tax system, economy, United States, taxpayers]

Better Essays
1681 words (4.8 pages)

Essay on A Flat Tax System Is The United States New Way Of Taxation

- In 2010, the top 20% of the nation 's population owned 85.1% of the nation 's income and 80% of the nation’s population only owned 14.9% of the nation’s wealth. Five years later, the top 1% of the United States nation now owns more additional income than the bottom 90% of the nation 's population. Enacting a flat tax would require people to pay the same percentage of their income. Even though a flat tax would enhance the economy 's long-term advancement, a flat tax should not be implemented as the United States new way of taxation because the top wealthiest 1% possess 40% of the nation 's wealth and it penalizes the low-income segment of the population....   [tags: Taxation in the United States, Tax, United States]

Better Essays
1020 words (2.9 pages)

Fixing a Flat Tire Essay

- Fixing a Flat Tire There aren't too many things in life which are more annoying than a flat tire when you least expect it, but then again who really expects a flat. Maybe the bloke driving around on four bald tires is expecting one, but he probably doesn't want one either. Although I will admit that one day on my way to get new tires I tried, and successfully I might add, to "burn off" a tire. Luckily for me though I was within one block of the tire shop, and even more serendipitously the police never caught me on the way there since I would stop for every red light and stop sign only to "light up" the rear wheels upon take off, sometimes reaching 75mph on the speedometer before the tires...   [tags: Flat Tire Driving Cars]

Better Essays
1482 words (4.2 pages)