New Tax Reform For The United States Essay

1916 Words Sep 11th, 2016 8 Pages
As we come in the last few months of each year, we are bombarded with holidays, vacations, and family visits. Then, before we know it, January is here, and W-2s are starting to arrive in the mail and the worrying starts again, this time, it’s not family and the holidays, it’s tax season. Individuals around the United States are scrambling to get all their documents in order, from W-2 forms, charitable donations, receipts, and anything thing else they can think of to pay fewer taxes to get a bigger refund, all before April 15th. But with every year brings new headaches, not only for taxpayers but also preparers; who needs to know and understand all the new regulations that Congress has passed for the current tax year. What if there was a simpler way to file your taxes? Sounds too good to be true you say? Over the years there has been the talk of a new tax reform that would make filing simpler, boost the economy, and help you keep more of your money. The Flat Tax system could provide this for America. Before we can dive into understanding a flat income tax system, we must know why we have taxes in the first place. In our early history between 1791 – 1802, the government was supported by internal taxes on distilled spirits, carriages, refined sugar, tobacco, snuff, property sold at auction, corporate bonds, and slaves. It was not until the War of 1812 that the first sales taxes were placed on gold, silverware, jewelry, and watches to fund the war. Two years after the war…

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