The Flat Tax Issue Essay, Research Paper
? The Flat Tax?
A Reaction Paper
The article on the Flat Tax system was really one that I could associate to in
footings of personal revenue enhancements. I have heard of this? new? system over the last five or
six old ages, but I still have yet to see any type of action for execution
with this system. Before going? enlightened? about the new system
through this article, I believed that the Flat Tax needed to be adopted by our
authorities and adopted instantly. The idea of merely paying 15
per centum to revenue enhancements is something that I relished. I ever thought that a
directly 15 per centum revenue enhancement across the board would be just and equal for
our system. I ne’er genuinely understood the effects the level revenue enhancement made
upon the debt. This, once more, was all before reading the article in deepness. I
appreciated the fact that the writer presented legion facts and illustrations
when he spoke of the advantages and disadvantages of the level revenue enhancement. Some of
these disadvantages I would ne’er hold known if non for this article. Most of
us hear of a new revenue enhancement system and without cognizing the inside informations, we want to
leap into the new system believing that it will assist all of us save some of our
income. Obviously, by using this system, it will salvage us some income but
in the terminal, we will be paying higher revenue enhancements for other necessities. Taxes will be
paid by the consumer either on paysheet or through the purchases of lasting
and non-durable goods. There is no manner around it. One manner or the other we
are paying the revenue enhancements to sup
port our state. The other amazing fact that I
received from the article was that the fifteen- per centum would non even come
near to back uping our state. In fact, the state would be losing one million millions
overall. In order to back up the state, the level revenue enhancement would hold to increase
about up to 27 per centum! Most people would likely non hold
with this information.
When I traveled to Ireland last winter, I noticed that when I purchased
something a VAT revenue enhancement was imposed. I thought to myself, I could ne’er populate
here and pay this extra revenue enhancement on my purchases. Little did I know that this
VAT revenue enhancement was portion of a level revenue enhancement system. I understand how the VAT revenue enhancement helps maintain
the debt from lifting out of control, but there must be others ways of commanding
this. I have besides visited other states that have the same type of level revenue enhancement system
and they besides have other agencies of repossessing the revenue enhancements lost in the level revenue enhancement.
Canada, for illustration, has their people pay a big revenue enhancement on their purchases and for
amusement, such as dining.
In the long tally, a level revenue enhancement looks like a system that all taxpayers would desire.
However, most of these taxpayers will be in the same state of affairs that I was in, non
adequate instruction on the procedure. This places us at the disadvantage and aid
us make determinations based on false givens. I believe that the revenue enhancement system
demands to be corrected and simplified, but this new and simplified system demands
to be just for all. How can this be done? This is something that needs to
answered by the experts and promoted by us.
