![]() ![]() It can cause the national debt to increase sharply.This system eliminates or diminishes the role of the IRS, leading to unemployment.System can negatively impact poorer taxpayers.This said, a flat tax system also comes with several downsides: Flat tax system is fair, since everyone pays the same percentage.According to its fans, those advantages include: They claim that there are several advantages to implementing a flat income tax. There have been numerous proponents of a flat tax within the United States, including Senators Ted Cruz and Rand Paul. There are quite a few flat tax advantages and disadvantages to consider before implementing such a system. Several countries have established a flat tax, some of the most notable being Estonia, Lithuania, and Russia. This is in contrast to a progressive tax system where each taxpayer is placed into a different income bracket depending on their income, which results in people paying different amounts. A flat tax system is one in which every taxpayer pays the same tax rate, regardless of their income. ![]()
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