Monday, April 5, 2010

Flat Tax the Solution?

With our progressive tax system out of control it's time for reform. Americans pay a average of 22% and the rich even 33%. Is this fair? No it's not. The tax code is thousands of pages long and with the standards so high for the wealthy, it is a wonder why people cheat on their taxes. So much money is lost in hidden expenses a individual can claim so no one is taxed on their real income. A flat tax is a tax with little deductions. A flat tax is a smaller percentage of your income anywhere from 5%-7%. That is three times lower than the current average? This tax also simplifys the tax code and makes it a lot cheeper to collect taxes. This tax treats everyone the same and provides what we need. Give it a shot why not?

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