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Abstract: 6 pages in length. The flat income tax system proposes to assign a uniform percentage tax from ten to twenty percent for all Americans and remove the current system involving complex deductions, credits and exemptions. Such a system would be expected to boost economic development and encourage savings since the double income taxation system against savings and investment is eliminated. This paper considers both sides of the flat tax issue and whether the flat tax will really be implemented. Interesting arguments on both sides. Bibliography lists 4 sources.
Subcatagory: Miscellaneous Economic Issues