Flat Tax VS Progressive Tax
Is a flat tax better than a
progressive tax is a big debate when it comes to talking about taxes and what
each person should be required to pay. Some people think that a flat tax for
all people would be the most fair way for the government to get its money.
Others believe that a progressive tax is the right way to go because then they
feel it is more fair because say that the rich people who make lots of money
should have to pay more than the lower class people who don’t make as much
money.
One example from the article that I
read was that if someone who makes $100,000 pays a twenty percent flat tax
rate, they would end up paying $20,000, and someone who makes $50,000 would
have to pay that same flat rate of twenty percent, they would end up only
having to pay $10,000. A lot of people think this is the fairest way to do it.
Lots of people feel that everyone should have to pay the exact same rate. I see
the point here and I do agree that a flat rate is the fairest way for all
people when it comes to paying taxes. But, others still think this is unfair
because they feel it affects the poor more than it does the rich. A flat tax
rate would also be way easier to calculate because it would take away most of
the deductions, exemptions, and loopholes that we have with the current system.
With the whole flat tax system it would be a lot easier for people to be able
to figure how much they would be paying in taxes because you know that it is
just a simple flat rate without most of the deductions and exemptions.