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.
Central Figures
- Dick Armey
- Wikipedia: Dick Armey
- NCPA: The Armey Flat Tax
- WashingtonPost.com: Dick Armey Voting Record
- Slate Magazine: Why do Republicans now Fear Tax Reform? (November 26, 2002)
- Sam Brownback
- Wikipedia: Sam Brownback
- MSNBC: Brownback Pushes Flat Tax Rate Plan (April 17, 2007)
- Southern Political Report: The "Fair Tax is always an "Unfair" Label (January 14, 2008)
- WashingtonPost.com: Sam Brownback Voting Record
- Michael Burgess
- Wikipedia: Michael Burgess
- U.S. House of Representatives: U.S. Congressman Michael C. Burgess
- WashingtonPost.com: Michael Burgess Voting Record
Flat Tax Satire and Humor
YouTube: Short Flat Tax Mockumentary (Time: 6:25)
Chronic Discontent Cartoons: Flat Tax Fred
CSL CartoonStock: Flat Tax Cartoon
The New Yorker: "The Flat Tax Return" (April 8, 1996)
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References
Fast Facts
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Fact:
Proponents say tax form would be the size of two postcards
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Fact:
Would increase revenue by closing loopholes for the rich and corporations
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Fact:
Could reduce outsourcing
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Fact:
Several Countries now have some form of a flat tax
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Critics argue that a [http
//en.wikipedia.org/wiki/Progressive_tax graduated tax system] is fairer
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Fact:
Critics argue people with high incomes will benefit from a flat tax
