• Is a Flat Tax a Good Idea?
  • The Flat Tax v
  • Is a Flat Tax a Good Idea? | Debate Club | US News

A version of this article appears in print on November 6, 2011, on Page BU6 of the with the headline: The Problem With Flat-Tax Fever.

Flat tax makes 2016 comeback | TheHill

Flat Tax Doesn’t Solve Inequality Problem - The New …

even if we decided that it was a good idea, we'd never actually embrace a pure flat tax.
Using the macroeconomic model, we can identify how much of that surge in the deficits is built in with the increase in benefits, and how much is the increase in interest rates. The acceleration introduced by the increase in interest rates can be clearly seen when we compare the inflation-adjusted deficits for years 11-20.

The New Flat Tax: Easy as One, Two, Three | The …

What Is the Fair Tax Act Explained - Pros and Cons
Second, pension coverage could fall. Under an income tax, pensions are a tax-preferred form of saving. But a consumption tax treats all saving equally, making it less likely that workers and employers would continue to accept the high regulatory and administrative costs of pensions. To the extent that workers did not resave all of their reduced pension contributions, saving would fall.

 

What Is the Fair Tax Act Explained – Pros ..

Apr 25, 2015 · I'm a huge fan of a simple and fair flat tax
Now is the time for significant reform of our tax code. If a flat tax were in place today, taxpayers would file a return the size of a postcard. There would be no more long hours spent poring over convoluted IRS forms. No more fees paid to professional tax assistance. The flat tax would allow taxpayers to complete their taxes quickly and easily. It would revolutionize the way our government operates. The complexities and inequities of the current tax system would end. They would be replaced by a system that treats every taxpayer equally and represents a massive reduction in the tax burden carried by hardworking Americans. Only by treating every taxpayer equally can our tax code ever achieve true fairness. When the shackles of our burdensome tax codes are removed will truly see what our great economy is capable of doing.

Flat Tax: Principles and Issues | Fraser Institute
For this exploration we will use a macroeconomic model which integrates the United States economy and national debt with the expected future costs of Social Security, Medicare and Medicaid. It allows the holistic modeling of various combinations of 1) interest rates, 2) inflation, 3) benefit indexing, 4) economic growth, 5) tax rates and 6) general governmental spending, and shows the implications for the nation as a whole.


Flat Tax: Principles and Issues

Personal injury: Weunderstand that some settlements may include payment for personal injury,for example damage to feelings. Such paymentsare exempt from capital gains tax by section 51(2) of the Taxation of ChargeableGains Act 1992. Interest on such payments is also exempt from income taxby virtue of s329 of the Income & Corporation Taxes Act 1988. There is furtherguidance in the Inland Revenue’s Inspectors’ Manual (IM1526).

A Comparison of FairTax, Income Tax, and Flat Tax — …

Idealized consumption taxes may always look better than actual income tax systems. Once in place, though, they would be subject to the same compromises and pressures as the income tax is. They could even lead to a system that is less efficient and less fair than the one we have.

A Comparison of FairTax, Income Tax, and Flat Tax

Pros and cons of the flat tax
In principle, replacing the income tax with a consumption tax, such as the flat tax, offers the possibility of improving the efficiency, equity, and simplicity of the tax system. But these gains are uncertain and depend critically on the details of the reform. At least some of the gains could be made simply by modifying the existing system.

Flat Tax: From The Encyclopedia of Taxation and Tax …

“Taxpayers with income below filing threshold”: Also exempt are those who earn too little to be required to file tax returns. For 2011 — as previously mentioned — those thresholds were under age 65, and $19,000 for a married person filing jointly with a spouse, for example. The thresholds go up each year in line with inflation, so those cut-offs will be higher in 2014, when the tax first takes effect.