conclusion for essay on if the us should have a flat tax system or not

The plan would increase average after-tax incomes by 1.1 percent in the long run on a conventional basis. taxpayers more than $100 billion annually.īy improving work and investment incentives and eliminating the double taxation of business income, we estimate the reform would boost long-run GDP by 2.5 percent, grow wages by 1.4 percent, and add 1.3 million full-time equivalent jobs. This report provides an analysis of the key features of the Estonian income tax system-a simple, flat individual income tax combined with a distributed profits tax-and its potential effects if implemented in the United States.īy simplifying the federal tax code, the reform would substantially reduce compliance costs, potentially saving U.S.

Other countries, such as Estonia, have proven that sufficient tax revenue can be collected in a less frustrating and more efficient way.

The federal tax code remains a major source of frustration and controversy for Americans, and a hindrance to economic growth and opportunity. This analysis was updated to account for the latest modeling updates and federal tax policy developments.

Conclusion for essay on if the us should have a flat tax system or not