• Proponents say tax form would be the size of two postcards
    • Would increase revenue by closing loopholes for the rich and corporations
    • Could reduce outsourcing
    • Several Countries now have some form of a flat tax
    • Critics argue that a [http: //en.wikipedia.org/wiki/Progressive_tax graduated tax system] is fairer
    • Critics argue people with high incomes will benefit from a flat tax
  • Although there are several variations, a flat tax features a single tax rate (usually less than 20 percent). The flat tax eliminates all other taxes and would simplify the taxation system. Everyone, including businesses, pay the same rate with no exemptions or loopholes. In the United States, Dick Armey introduced H.R. 4585, The Freedom and Fairness Restoration Act. It calls for a single 17% tax rate.

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