Document Type

Article

Publication Date

12-2019

Subject: LCSH

Flat-rate Income Tax, Taxation

Disciplines

Accounting

Abstract

Tax receipts form one of the key tools of current macroeconomic fiscal policy. As governments are forced to increase spending levels satisfy their respective social, political or economic goals, they are consequently are forced to review new or additional sources of tax review. Government officials and political candidates theorize that new expensive programs can be paid for by increased taxes. A flat tax system has also been theorized to be an equitable solution to satisfy the increased tax revenue requirements. This paper reviews in general terms the current progressive tax system as well as a regressive flat tax system. This study further illustrates various approaches to the flat tax system, its benefits, and demerits on individuals and the general economy. The conclusions, recommendations and implications reached are generalizable and appropriate for use in developing best practice solutions.

Comments

This is an open access article distributed under the following terms from the, Journal of Business & Economic Policy:

Copyrights for articles published in JBEP are retained by the authors, with first publication rights granted to the journal. The journal/publisher is not responsible for subsequent uses of the work. It is the author's responsibility to bring an infringement action if so desired by the author.

The article is also available from the journal's website.

DOI

10.30845/jbep.v6n4p2

Publisher Citation

Mohs, Dr. James N. "Evaluating Flat Tax Theory: A Conceptual Framework." Journal of Business & Economic Policy, vol. 6, no. 4, December 2019. doi.org/10.30845/jbep.v6n4a2

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