Research Paper on:
Flat Tax

Unformatted Sample Text from the Research Paper:
was and likely remains the leading proponent of abandoning the current tax system in favor of a flat tax on income. Armeys tax return would require the use of  a 10-line postcard only; everyone would pay a flat tax rate of 17 percent, and a family of four with a $36,000 income would pay nothing at all.  This is a scenario far removed from the current system, of course. Those who can least afford to pay taxes manage to pay a  greater proportional share after those with greater means take advantage of the deductions and exclusions not available to lower-income groups. The purpose here is to investigate the flat tax.  International Interest What could the United States do with an extra $194 billion every year? Flat tax proponent Dick Armey says that  "Simply complying with the complex tax code costs $194 billion each year, or about $650 for every man, woman, and child in America" (Armey, 2005). Instituting a flat tax  would put that $194 billion into other pursuits, not to mention the savings we would realize by no longer having the "income police" - the IRS - exist in its  current form. Not paying the salaries of 100,000 employees (Cay, 1999) and paying for operation would constitute considerable annual savings of its own.  Magazine editor Steve Forbes also is a strong supporter of the flat tax concept and made no secret of that fact during his bid for the presidency in 1996.  Of course Forbes was not successful in that campaign, but he remains vocal about the flat tax through Forbes magazine. Rather than repeating himself regarding the benefits that