Write a 5-page report comparing the advantages and


There are a number of taxation rate structures in use in various countries in the world. For citizens residing in the United States, a progressive tax rate structure is applicable presently. In addition, there are many adjustments in the form of deductions and exemptions that affect an individual's income tax owed for a given period. Further, there are a number of sales and property taxes applied to certain purchased goods and real estate in the United States; primarily, these are levied by states. However, periodically the case for instituting a flat-rate tax is argued in Congress.

Write a 5-page report comparing the advantages and disadvantages of both the present progressive tax structure in the United States and the potential adoption of a flat-rate tax structure. Under which structure would more constituents be likely to evade taxes? Support your assertions with three reputable academic resources.

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Finance Basics: Write a 5-page report comparing the advantages and
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