Monday, April 18, 2016

Flat Tax


Some people that do not have as large of an income feel that a progressive tax is necessary on the high income families. But the people that say these things do not realize that the high income people pay based on how much money they make. They have extremely expensive lifestyles and put a good amount of money back into other businesses. What people really have to ask themselves is how they would feel in that exact situation. Although they do make more money they will pay more taxes anyway if there is a flat tax will still be above the general citizen. The event that would most likely happen if the government would switch to a flat tax would be a raise for the tax across the board so the all citizens would have to pay more just so our country would be able to function. All of these high end individuals think that it would be beneficial to have a flat tax and they would not have to pay the government quite as much and would end up spending the same amount. This would only hurt our economy because professionals always claim that a strong middle class is the reason that our country flourishes when it does. You will see more and more families not being able to make ends meet and the demand for higher paying jobs. This could cause a spike in unemployment and possibly the homeless. It could through our country worse into debt. I feel that it is a good idea to keep it the way it is for the sake of America as a country it would be best to keep it the way it is at the present time. A flat tax would cause more harm than good at this point in time.

No comments:

Post a Comment