Many Americans have become frustrated with the high tax percentages and low exemptions as well. The tax code also discourages workers from taking risks in the business world and crushes any entrepreneurial spirit. Over 480 different tax forms exist for business professionals and individuals (Armey 2). Our nations current tax code is far too significant and complicated. The United States should adopt a flat tax rate to better its citizens and increase the national economy. These proposals promise large tax cuts, fewer federal forms and costs, and larger exemptions (Armey 2). Over the past few years numerous proposals for a flat tax rate have surfaced and been reviewed. The tax system also discourages citizens from saving and investing their earnings, ultimately pulling down the American economy. The high tax percentages and low exemptions make it difficult for the average worker to prosper and get ahead in today’s world. The current tax code is unfair to those who are single, work for under $50, 000 dollars per year, or have large families. Our society today has strived to become accustomed to our present tax system, but some just cannot come to terms with it.
0 Comments
Leave a Reply.AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |