flat tax bill Essay -- essays research papers

106th sex actIN THE nursing home OF REPRESENTATIVES___________________________Introduced the following bill in which was referred to the Committee on _______________A beatTo assess income once and only once at a exclusive enumerate.1. Be it enacted by the Senate and the House of Representatives of the 2. United States of America in Congress assembled.3. SECTION 1. THE TITLE4. This Act may be cited as the monotonic Tax Bill.5. SECTION 2. THE BILL6. The humdrum levy replaces the current income tax code, which is very 7. complex, with a system so simple Americans could file their taxes on a 8. form the size of a postcard. What exactly is a flat tax? A flat tax sets 9. into place a ace 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. cost of using the current tax system totals about $200 billion annually, 13. or $700 fo r every man, woman, and tyke in America. A flat tax would 14. reduce those totals by 94% , saving taxpayers more than $100 15. BILLION in compliance be each year. Even with the reduced tax 16. rate, it is still possible to permit revenue to cover the cost of 17. government. America has the right to demand that our tax system be 18. profitable, efficient, and allow our nation to reach its peak stinting 19. growth potential. The flat tax system would end un...