Income Taxes: Flat or Fixed Since President Abraham Lincoln introduced income taxes, it has been a profoundly discussed topic among the citizens. Americans have innumerable amount of beliefs and disagreements about how the tax brackets function and should function. A large number of Americans are pushing for a change in the way income tax system work. At the same time, many agree to keep the income tax brackets that separate the wealth classes. The controversy in connections with income taxes is ongoing. Is a flat rate income tax the most efficient for the United States government?
Tax brackets have been around since the beginning of income taxes. Income taxes began with the passing of the sixteenth amendment. The sixteenth amendment states, …show more content…
So, let’s just have a flat tax and add the deductions, right? Incorrect, once the government begins to add rules and regulations, like deductions and exemptions, it is no longer considered a flat tax. Deductions and exemptions moves the tax rate back towards progressive rather than flat. Unlike the tax marginal, with a flat tax, the middle class would be effected the most. “Lowering tax rates on capital gains, which is how the rich receive a large portion of their income, has given the wealthiest Americans close to a free ride” (Stiglitz 2) When asking people why they disagree with the way income taxes are set up, many say the rich don’t have to pay. Little do they realize when switching to a flat taxation rate, it benefits the rich more. Most of American are classified in the middle class. When researching what a flat taxation rate would do to America, the number thing is burden the middle class. People look for change, and people look for simplicity. When glancing at the proposal of a flat tax plan, that is what the Americans are seeing. Just like politicians, the proposal of the flat tax only tells the people what they want to here. A small proportion get out and research what it would do to the American …show more content…
Three things that income taxes and the six taxation marginal do not fit into. “Tax has building blocks, just like any complex subject” (McCaffery 9) In fact the income tax marginals are the complete opposite. It takes time to sit down and figure out which bracket, how much in this bracket. But if spending a little more time on a bracket saves you money, then isn't it worth it? If spending a little more time to file tasks helps the middle class, most Americans, then isn't it worth it. A flat tax rate will not "make America Great Again (President Donald Trump). In fact President elect Donald Trump is current trying to simplify taxes, but a flat tax rate is not in his plan. He is simply adjusting the brackets. The brackets the American government needs and the brackets the American people needs. A flat income taxation rate does not need to be adopted by the American government for the many reasons stated above. If a change in taxation is needed, take President Trumps approach and try adjusting brackets, deductions, and exemptions. We, as Americans, want a fair, not flat, income taxation