Goodmorning everyone, My name is Raquel Sille and my group consists of
Britney Martina and Shiwani Roman.
The topic of our presentation is the pros and cons of flat tax. I will start by giving a
bit of general information about flat tax and then talk about pro and con,
Shiwani will talk about 2 pros and Britney will talk about 2 cons.
What is flat tax?
Flat tax is an income tax system in which everyone pays the same tax rate
regardless of how much income they earn. For example, let us say the flat tax rate
is 10%, someone with an income of $1000 would pay a $100 in taxes and someone
with an income of $ 10 000 would pay $1000 in taxes. However, the most used
system is the Progressive system, this is where you pay a percentage of tax,
depending on which tax bracket your income falls in. For example, people that
have an income up to $9700, falls in the tax bracket of 10% and people with an
