Title: Flat tax | economics | Britannica
Headings: Flat tax
Flat tax
economics
Advantages of a flat tax
Criticisms of the flat tax
Flat tax

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Criticisms of the flat tax
The main criticism leveled against the flat tax is that it is unfair. Such a system, say opponents of the tax, would result in a windfall for the rich and higher tax burdens for the poor and the middle class, who are less able to afford them. Defenders of a flat tax argue that the beneficial effects of a progressive tax system could be maintained through generous personal exemptions. A second criticism is that a flat tax would cause shortfalls in the government’s budget by lowering the taxes paid by the wealthy. Flat tax supporters counter that the economic growth resulting from a flat tax would generate additional tax revenue that would more than make up for the revenue lost from lower tax rates. Allen Hall
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