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Essay

Flat Tax And Fair Tax

Essay specific features

 

Issue:

Social Issues

 

Written by:

Vivian R

 

Date added:

February 21, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

8 / 2231

 

Was viewed:

5855 times

 

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Essay content:

Individuals would be able to deduct a personal exemption based on family size from their gross income and anything in excess of the deduction would be paid at the marginal rate. Those with gross incomes below the personal exemption would end up paying no taxes at all. Also, in the absence of tax filing, the opportunities for tax breaks, like deductions and credits, would diminish...
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Those with gross incomes below the personal exemption would end up paying no taxes at all. Also, in the absence of tax filing, the opportunities for tax breaks, like deductions and credits, would diminish. Another advantage is that the flat tax would make the tax system a lot simpler to deal with. Most individuals and businesses would fill out a tax return the size of a postcard, which eliminates the various tax return forms that we currently fill out now...
displayed 300 characters

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