Monday, May 5, 2014

Flat Tax or Fair Tax



I believe that progressive tax is the way it should stay. With a progressive tax everyone pays in the same percent of the money they make. “If one person earned $50,000 a year and another earned $300,000 a year, both would pay 17 percent of their income to the federal government.” I one is making more money they should have to pay more taxes on that money. If someone making more money they shouldn’t get to pay less tax due to making more money. If we had a flat tax the people who get paid less could end up paying more taxes on less money. In a flat tax you would always pay the same amount so this means no deductions if you would qualify for one. The idea of changing the way we do taxes is so it could possibly be fairer for everyone. Honestly I don’t think a flat tax could be very fair. If you are making millions why should you have to pay the same amount of tax as someone making fewer than fifty thousand a year? If anything a flat tax is more unfair, especially to the many of people who don’t make very much money. If the government was to institute a flat tax they would have to find a way to make it fair for everyone. One way this would be possible is to split everyone in to different classes. Each class would have to be split into a group close to the next one. It could be split into groups by the tens of thousands. This would allow it to be me as fair as possible for everyone. Even with this some people would always get away with a little bit of an unfair amount of money compared to someone else in that bracket or class.

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