Ted Cruz believes that all americans should be taxed the same no matter how much they make. This is opposed to scaling tax rates where you are taxed more as you become richer. Both proposals have ups and downs, and taxation is a complicated issue. What is right is for you to decide.
It is possible that rewriting of the tax law in terms of what is expected economically would make the difference, but it is unlikely that any legislature could come to agreement or do so in a single law. This comes up in election times because constituents are interested in tax, but it is one of those easily discussed issues.
flat tax
Both sales tax and flat tax are a fixed percentage.
The tax payers who would normally pay a higher rate than the flat tax rate. With a flat tax, it sure would be easier for the tax commission and IRS to review tax returns.
Illinois has a flat tax for individual income.
flat income tax
For example, Slovakia - 19% flat tax rate (Corporate income tax, Personal income tax, and Value-Added Tax)
It's on the lower right corner of my W2, and says: I want to know what this means or if I should contact someone in my employer's payroll department to find the answer Exemptions/Allowances: Federal: 1 Tax Blocked $484.94 Flat Tax State: 1 Tax Blocked $157.22 Flat Tax
It's on the lower right corner of my W2, and says: I want to know what this means or if I should contact someone in my employer's payroll department to find the answer Exemptions/Allowances: Federal: 1 Tax Blocked $484.94 Flat Tax State: 1 Tax Blocked $157.22 Flat Tax
Sales tax
proportional tax
Daniel Mitchell has written: 'The Flat Tax' -- subject(s): Income tax, Flat-rate income tax
A flat tax is one that does not vary. It has a constant marginal rate and is usually utilized by individual or corporate income.