Free Term Paper on a Flat Income Tax
15% Tax Across the Board
Money, I bet I have your attention now? Hard
working Americans are consistently held down due to taxes. There are many
unnecessary taxes that are taken from each individual every single year. The 15%
sales tax concept eliminates the frustration and confusion of the different
kinds of taxes, and creates more money for the federal government. This concept
has been overlooked year after year since its conception. This is a 15% sales
tax; a tax that takes 15% of all goods sold and gives it to our government. Be
aware of the fact that it is now 7.75%; a lot of you may say, \"7.75% is way too
much already\". The answer to that question is no, no it is not. That 15% sales
tax goes directly to the federal government eliminating all income tax in ones
paycheck. Imagine seeing your paycheck without taxes taken out of it. It seems
almost unimaginable to me; now we can imagine it.
What does every employee
constantly complain about every single paid day? What is one of the main topics
that the presidential candidates stressed while campaigning? How come people
like drug dealers get a big advantage in this world when it comes to pay taxes?
And again, what consistently holds down the hard working American? I have found
a way to answer all those questions? This concept has actually found a way to
tax everybody, not just the working ones. This concept also makes it fair and
economical to our federal government, not just the individual taxpayer. Under
the implementation of this concept an individual could receive a paycheck and
have virtually no taxes taken from it. This 15% sales tax eliminates confusion,
taxes everybody, and organizes the government in a way that has never been done.
Eliminating the confusion of distributing all of the taxes throughout the
country would be in our government\'s vital interest. Every two weeks I will go
through the exact same ritual, I will receive my paycheck and furiously tare it
open to see how much money I will be able to lose in the next two weeks. I\'m
always blessed with a beautiful number at the top that is very fair and
deserving for the hard work that I do on the weekly basis. Then I always see a
whole bunch of abbreviations, different dollar amounts, then the number at the
bottom that always seems to depress me; one that is far less than the one on top
I might add. All this stress, and then that unexpected bill we get in April. As
it stands right now, the government has individual taxes for individual needs.
The key thing to remember is that regardless of what those needs may be, and the
demand for them allows money to get allotted. Under this 15% sales tax all the
money goes to the federal government, and it is distributed as needed.
Essentially, this makes the government more efficient, and much more simple.
The most important and beneficial aspect of this tax is that it taxes
everybody. If there\'s one thing that has always bothered me in this life, it is
being able to see drug dealers, prostitutes, loan sharks, and ect., gain a
financial edge in life over us because they have found a way to manipulate the
system illegally. As we all know, regardless of what\'s legal or illegal,
organized crime produces the most revenue from all big businesses in the United
States of America. The amount of money that organized crime brings to the US in
an annual basis is unbelievably more than what the biggest company in the US
produces. This sales tax targets organized crime, and this is why: as it sits
right now, we know that organized crime does not get taxed because they do not
have legitimate work. Under the implementation of this sales tax, they would all
be taxed. Everybody in this world has to spend money on groceries, car repairs,
the McDonald\'s big Mac, and things of that nature. Every time someone spends
money, they\'re being taxed and it’s going to the federal government. Imagine
being able to tax the money from organized crime. That money alone will bring in
more tax revenue to the federal government than any of us can imagine. For one
moment, let\'s put organized crime on the back burner, and concentrate more on
the working American. Let\'s simplify this concept and put it into terms that we
can understand. The average worker pays approximately 35% in taxes taking into
account sales tax at nearly 8%, and approximately 28% in income tax. Knowing
those figures, now lets reduce that to 15%. Quite astonishing I might say.
The government needs to be run in an organized and efficient manner.
Presently, there are many different areas where our tax money is distributed.
Our tax money goes to social security, state tax, federal tax, and much more.
One thing that everybody is aware of is that different areas of our government
have different demands. For example, social security in our country is in
jeopardy. This is a big concern to people of my generation. The concern is that
when we are of age to retire, there will be no money to fund us. This plan
let\'s the government and the people work together to eliminate problems like
this before they ever get started. Along with producing much more revenue, this
also eliminates many government jobs. These jobs will be eliminated because
there won\'t be so many different branches to our government. We will now only
need a select few to watch over the money, rather than having the whole chain of
command for each and every department. Organization and efficiency in our
government is key, and the less there is to worry about the better.
While
this concept is a good one, it\'s not absolutely flawless. There are many
wrinkles that indeed need to be ironed out. However, is a good starting block
and something that could potentially change the country and how it operates?
Whether this plan should actually be utilized or not, is not the question. The
question is, what is involved with it, and how does a benefit our country? While
I have talked about social security, it is not quite know exactly how that would
be funded. Big businesses are another concern in this concept. How will big
businesses be taxed under the implementation of this plan? The main objective to
this plan still stands tall; it eliminates confusion, taxes everybody, and
creates an organized government that we could all be proud of.