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Originally Posted by Jaxian Mathematically, if we switched to a flat tax, the middle and lower class would pay significantly higher taxes, lowering their standard of living a sizable amount. Because of this, I do not find a flat tax to be a good idea.
You may argue that the current taxation system is unfair to the wealthy, however I argue in return that our current economic system favors the wealthy, and that our current tax system is a method of evening out that imbalance. This is a more complicated discussion than I make it sound.
Simplifying the tax system is another story. I do feel the tax system should be simplified. | This is actually very true.
There are MANY lower-middle class and lower-income families who get more money back from the IRS than they paid in. Through Earned Income Credit, and other avenues, you can actually MAKE money on the American tax system.
Truth be known, most lower-income families would NOT want the current tax system re-structured. |