flat tax bill Essay -- essays research papers

106th CongressIN THE HOUSE OF REPRESENTATIVES___________________________Introduced the following bill in which was referred to the Committee on _______________A vizorTo tax income once and simply once at a single rate.1. Be it enacted by the Senate and the mark of Representatives of the 2. United States of America in Congress assembled.3. SECTION 1. THE TITLE4. This work may be cited as the Flat Tax Bill.5. SECTION 2. THE BILL6. The horizontalbed tax replaces the current income tax code, which is very 7. complex, with a dodging so simple Americans could file their taxes on a 8. form the sizing of a postcard. What exactly is a flat tax? A flat tax sets 9. into place a single tax rate on all income subject to tax. The hundreds of 10. exemptions, credits, loopholes and deductions now in the tax system 11. would be eliminated to make the single tax rate as low as possible. The 12. equal of using the current tax system totals about $ two hundred billion annually, 13. or $700 fo r every man, woman, and child in America. A flat tax would 14. reduce those totals by 94% , saving taxpayers more than $ blow 15. BILLION in compliance costs each year. Even with the reduced tax 16. rate, it is still possible to provide revenue to cover the cost of 17. government. America has the right to demand that our tax system be 18. profitable, efficient, and digest our nation to reach its peak economic 19. growth potential. The flat tax system would end un...