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Our current tax system is complex costly and unfair Surely America can do better for our children than redistribution and regulation Our nation is over four trillion dollars in debt It is time to act instead of letting lawyers and politicians play with our money A flat tax plan is a simple solution to remedy the stagnant apathy our nation has been so accustomed to for the last seventy years A flat tax would make calculating and collecting tax simple According to 1996 studies Americans devote 54 billion dollars a year to Federal Tax related paperwork The IRS estimates that that it takes about 27 hours for the average family to keep records and prepare an itemized form 1040 with a few schedules With the Armey-Shelby flat tax plan everyone well above the poverty line will pay seventeen percent of your income No credits or exemptions unless you have dependants and no taxes on saving or investments The tax form will be the size of a postcard Bibliography An argument forJoint JoinJoint EcJoint EcThe Heritage FoundationA FLAT TAX FOR THE US THE ADVANTAGES AND DISADVATNTAGES OF A FLAT TAX Calculate your own FLAT TAX RETURN YOU are visitor number Introduction Purpose and Procedures Background of the Flat Tax Tax Facts Basic Structure of the Falt Tax Individual Wage Taxation Business Taxation Argumentsforthe Flat Tax Fairness Simplicity Economic Growth Lower Compliance Costs Higher Compliance ArgumentsAgainstthe Flat Tax Benefits the Rich The Flat Tax is Unfair Economic Decline The Effects of the Flat Tax on Americans Overhaul in Allowed Deductions Flat-Tax Effects on Investment Flat-Tax Effects on Employee Benefits Conclusions Recommendations Works Cited Introduction An
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