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    Flat tax -- good plan or not?

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    There have been some discussions about the possibility of IRS applying only a flat tax rate in the future to every individual's income in order to calculate the individual's share of income tax. Share your opinion about this plan with class and explain why you do or do not like this plan.

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    https://brainmass.com/business/accounting/flat-tax-good-plan-380790

    Solution Preview

    I really like the flat tax idea but it will never happen. Supposedly the reason for taxes is to raise revenue to operate the government. And taxes do, in fact, raise revenue for government use. However, there is a secondary reason for taxing and prevents the flat tax from gaining ground.

    Congress uses the tax code to pick winner and losers, to encourage citizens and ...

    Solution Summary

    The solution discusses a plan regarding flat tax and if it is a good plan or not. Response is 265 words.

    $2.19

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