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What is the Best National Tax System for the United States?
What is the Best National Tax System for the United States?By: Madison Elliott
Current System:The current tax system is a progressive income tax, but a flat income tax could be more beneficial.
Perspective 1:The first alternative would be switching from a progressive income tax to a flat income tax.Perspective 2:The second alternative would be switching the income tax to a consumption tax.
Perspective 3:The third alternative would be switching from an income tax to a hybrid tax. Hybrid=Income Tax + Consumption Tax