Should the federal income tax be a flat tax, which means should everyone pay taxes at the same percentage? Include brief assessments on the pros and cons of this type of a system.© BrainMass Inc. brainmass.com June 3, 2020, 8:55 pm ad1c9bdddf
Personally I don't think a flat tax is a great idea although it does have some valid points.
The pros of a flat tax is that it is egalitarian, everyone is being treated the same way and everyone is contributing the same amount of money to the federal government no matter how much they make to avoid punishing the people who make more money. This would also simplify the tax code and nobody would ever have to question how much they ...