Flat Tax And Fair Tax
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Title: Flat Tax And Fair Tax

Essay Details:

Subject: Social Issues
Author: Arnold R
Date: September 24, 2013
Level: University
Grade: B
Length: 8 / 2231

Essay text:

Individuals would be able to deduct a personal exemption based on family size from their gross income and anything in excess of the deduction would be paid at the marginal rate. Those with gross incomes below the personal exemption would end up paying no taxes at all. Also, in the absence of tax filing, the opportunities for tax breaks, like deductions and credits, would diminish. Another advantage is that the flat tax would make the tax system a lot simpler to deal with. Most individuals and businesses would fill out a tax return the size of a postcard, which eliminates the various tax return forms that we currently fill out now...

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