1、Washington, D.C. 20540 FLAT-RATE TAX PROPOSALS IP0212F I n recent months there has been a growing congressional i n t e r e s t i n the advantages and disadvantages of revamping our current tax system for a flat-rate tax method. Supporters of the new proposal argue t h a t such a plan would promote
2、productivity, simplify present IRS tax forms, save the public b i l l i o n s of dollars that presently go t o tax-preparation professionals, and enhance Federal revenue by closing numerous tax loopholes and special deductions that are now enjoyed by relatively few. Opponents believe, however, t h a
3、 t the tax burden under a flat-rate plan might f a l l more heavily upon the middle class and, unless exceptions were made, would hurt educational i n s t i t u t i o n s and charities. Problems with popular tax deductions, such a s home mortgage i n t e r e s t , would have t o be addressed. This p
4、acket provides background materials which discuss t h e practical and theoretical issues t h a t surround a flat-rate tax, including the probable redistribution of the tax burden under various r a t e s and income bases. Additional information on t h i s subject, primarily i n periodicals and newspa
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