Merriwhizzle
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This week's discussion in my class was on our opinions on the tax system. One person wrote that she didn't think the progressive tax system is fair and thinks we should go to a flat tax. Minimum of 50 word response took me about 400 words to write. Do you think it was a bit much?
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Flat tax is not any more "fair" and disadvantages low income folks. Tax incentives are an important instrument of government to impact social / economic policies. But they are subject to much abuse, so arguably the benefit doesn't outweigh the cost in the long run.
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The flat Tax is simpler but causes much more problems then the current tiered system. what they really need to do is fix and close the thousands of small loop holes in the current system and i would bet that the system would work much better
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Unless you wrote "you are an idiot" 100 times, you're fine.
