The U.S. Tax System" Please respond to the following:
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The U.S. Tax System" Please respond to the following: From the e-Activity, analyze the economic effects of a flat-rate tax on the U.S. economy. Identify how a flat-rate tax affects government activities. Cite your sources in your answer.
A flat tax is a system in which everyone pays the same tax rate regardless of income level or source. This seems to be an inherently fair system, but this is deceptive. In a society as big and complex as the United States, not to mention the global economy, not everyone is born equal and not everyone has the same opportunities to benefit from a capitalist system. Just about every quality of life that increases the propensity to benefit from a capitalist society (intellect, social and and emotional skills, quality education, business connections,...