Purchase Solution

Is a Flat Tax the solution?

Not what you're looking for?

Ask Custom Question

Given the long tax history of this country, why do you think our tax laws need to be tweaked on a continual basis? Would a flat tax solve the problem or create a new one?

Purchase this Solution
Solution Summary

Response is 260 words in everyday language suitable for a novice.

Solution Preview

Is a Flat Tax the solution?

Given the long tax history of this country, why do you think our tax laws need to be tweaked on a continual basis?

Do our tax laws NEED to be tweaked? Heavens no. Every year the lawmakers in Congress fight for special tax deals for certain organization and situations and each exception and rule adds weight and complexity to the filing process. Who says the tax law NEEDS to be tweaked? The ...

Solution provided by:
Carol Sargent, PhD
Education
  • BSc, University of Virginia
  • MSc, University of Virginia
  • PhD, Georgia State University
Recent Feedback
  • "hey just wanted to know if you used 0% for the risk free rate and if you didn't if you could adjust it please and thank you "
  • "Thank, this is more clear to me now."
  • "Awesome job! "
  • "ty"
  • "Great Analysis, thank you so much"
Purchase this Solution
Free BrainMass Quizzes
Team Development Strategies

This quiz will assess your knowledge of team-building processes, learning styles, and leadership methods. Team development is essential to creating and maintaining high performing teams.

Paradigms and Frameworks of Management Research

This quiz evaluates your understanding of the paradigm-based and epistimological frameworks of research. It is intended for advanced students.

Introduction to Finance

This quiz test introductory finance topics.

Balance Sheet

The Fundamental Classified Balance Sheet. What to know to make it easy.

Cost Concepts: Analyzing Costs in Managerial Accounting

This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.

View More Free Quizzes
Related BrainMass Solutions

  • Flat Income Tax vs Progressive tax system

    Whether you think that a flat Income Tax would be beneficial for the US is determined. The solution provides support your conclusions by explaining why you think it would be beneficial or not.

  • Flat tax fairness/equity

    In essence the mortgage interest deduction is subsidizing extravagant living. This solution provides an assessment of the concept of a flat tax in terms of fairness and equity.

  • Flat tax -- good plan or not?

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

  • Flat-rate tax on comprehensive income

    "What is a Flat Tax? (Surprise! IT is a VAT)." Forbes. 24 October 2011. How would income distribution and resource use change if a flat-rate tax on comprehensive income were substituted for the current progressive income tax in the U.S.

  • Debate structures of current income tax system in the U.S.

    One solution that has been proposed is the "flat tax." What are the benefits and detriments of replacing the current income tax system with a flat tax system? Who benefits and who might be harmed?

  • Flat Tax

    Personally I don't think a flat tax is a great idea although it does have some valid points.

  • Federal Flat Tax Rates

    476108 Federal Flat Tax Rates A federal flat tax rate would be a better way to tax U.S. citizens than the current progressive tax rate structure. Choose a position and support it. I disagree with the idea of implementing a federal flat tax rate.

  • Flat Tax Proposal

    STEP 2 In the problem that is given to use a flat tax of 20% above the exemption level of $35,000 is favored by the majority.

  • relationship between excess burden of tax and demand and supply

    We can see that the flatter the supply curve, the less tax burden born by the supplier (in this case is laborer). When the supply curve is completely flat, the burden is born by the buyer totally.

View More Related Solutions