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    Flat tax fairness/equity

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    The concept of a "flat tax." Can you please explain to me how this tax scheme works and does it meet the criteria of tax efficiency and tax fairness/equity?

    © BrainMass Inc. brainmass.com October 9, 2019, 8:43 pm ad1c9bdddf
    https://brainmass.com/economics/taxation/flat-tax-fairness-equity-160744

    Solution Preview

    An efficient tax would meet these criteria, as set forth by Adam Smith:
    -Certainty (the amount, time and place of payment is certain);
    -Collection that is convenient and cheap.
    A flat tax would meet these criteria. A flat tax is simply a straight percentage of your income, without regard to how much you make. Sales taxes are a good example of this type of taxation.

    The ...

    Solution Summary

    This solution provides an assessment of the concept of a flat tax in terms of fairness and equity.

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