essay on whether we should have a flat income tax or a progressive tax system

Indeed, these two systems of taxpayers are considered to be fair since they apply a rational approach to taxation (Brownlee, 2016). In the current system of progressive taxation, low-income citizens are charged about 10 percent in federal taxes while the wealthy people pay almost 40 percent. Contrary, a progressive tax system prescribes an establishment of a different marginal rate for diverse levels of income (Zhao, 2017). Simply expressed, a flat income tax advocates an equal fairly low percentage rate on the income of all Americans regardless of the income size. On the other hand, Republican advocates for a lower tax and fair tax rate for all people. Democrats support higher tax rates on high-income people and lower tax cuts among the lower and middle-class citizens. The country prefers progressive tax systems where citizens are charged with respect to their income (Pantya et al., 2016). The issue of progressive taxation verse flat taxation has inspired the ongoing discussion, and both have supporters and critics.

Recently, a controversial debate has risen in the United States concerning tax payment among the citizens.

Essay on whether we should have a flat income tax or a progressive tax system