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Showing posts from January, 2015

Flat Tax Reform by Karl William Parrott and Michael Ebiderine

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                                                  Flat Tax Reform  The flat tax system or “marginal rate tax” would benefit not only American’s  as individuals, but also the United States economy as a whole.  Our current progressive tax system cripples our nation’s economy by limiting production and sending businesses fleeing to countries with more favorable tax law. Under current economic circumstances, I find it comical that such a proven method of economic encouragement is overlooked time and again. A single flat rate tax is the simple, fair, and constitutional answer our nation has been looking for. Presently, our tax system inhibits economic growth potential by reducing savings, investments, production, and weakening the nation’s global as well as domestic competitiveness. Increased production levels and economic growth are reasons enough in themselves for adoption of a flat rate tax system in the U.S. During John F. Kennedy’s election he made a promise to the publi