A flat tax would make calculating and collecting tax simple. According to 1996 studies, Americans devote 5.4 billion dollars a year to Federal Tax related paperwork. The IRS estimates that that it takes about 27 hours for the average family to keep records and prepare an itemized form 1040 with a few schedules. With the Armey-Shelby flat tax plan, everyone well above the poverty line will pay seventeen percent of your income. No credits or exemptions unless you have dependants and no taxes on saving or investments. The tax form will be the size of a postcard.

An argument forJoint JoinJoint EcJoint EcThe Heritage FoundationA FLAT TAX FOR THE U.S.: THE ADVANTAGES AND

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The Effects of the Flat Tax on Americans

A look at several current tax facts is needed to understand why so many Americans seem ready for major tax reform. Several of these statistics are the following:

 Although there are four levels of income tax -- from two percent to 20 percent -- the system is structured so that no one need pay more than 15 percent of income to the government.

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