The current tax code has over 5.5 billion words, countless forms and instructions, and is too complex for the average taxpayer to comprehend. As a result, businesses and individuals face huge burdens of time and money to comply with the tax code-- in 2006, Americans spent 6.4 billion hours filling out tax forms for the government.
Switching to a flat tax would make it simple to pay taxes, saving everyone time and money. Under a flat tax, filing taxes would take mere minutes, and decreasing compliance costs would improve the economy-- all of those billions of hours we spend filing taxes could be put to productive use. Individual Flat Tax Form would have three questions.
1. Your Wages, Salary, and Pension
2. Marital Status
3. How many dependent children do you have
YOUR DONE.
You could eliminate 95% of the need for the I.R.S saving billions
No more Tax brackets.
The billions we lose from Illegal Immigration would be recovered.
I wish I could go on
2007-01-25 07:21:00 · 4 answers · asked by Dantheman 3 in Business & Finance ➔ Taxes ➔ United States
Yes, we should abolish the current tax system. Someone once told me that it came straight from communist ideas. Why should someone have to pay in excess of 40% of their income because they decided to do more with their life. Personally, I spent 9 years beyond college in higher education trying to better myself so I could support my family well. End result, I get to pay 40% of my income in taxes to support someone who probably barely graduated high school. Why should I pay for someone elses shortcomings?
2007-01-26 13:09:25 · answer #1 · answered by rwill54287 3 · 0⤊ 0⤋
i am going to take the honest Tax concept myself for my decision, notwithstanding I do not ignore that repeal of the 16th modification is apt to be a lengthy and laborious procedure on a Constitutional aspect. A flat tax might want to admittedly be extra effective by technique of far than the present gadget, notwithstanding the roots of the present insane tax gadget might want to nonetheless proceed to be untouched. (that's my expertise that even IRS brokers helping taxpayers doing their taxes don't realize the tax code in finished, which takes up tens of 1000's of pages; at maximum acceptable you're probable to get a correct answer 1/2 the time, if that.)
2016-12-03 01:12:18 · answer #2 · answered by Anonymous · 0⤊ 0⤋
This is a republican idea, so I'm sure it will vastly favor the rich in one way or another.
2007-01-25 07:30:08 · answer #3 · answered by Anonymous · 2⤊ 2⤋
No.....end of answer.
2007-01-25 07:59:44 · answer #4 · answered by Wayne Z 7 · 1⤊ 1⤋