Some people would prefer a single income tax rate because it?
A) would increase the government’s revenue.
B) is easier to calculate.
C) would reduce the percent of income poorer families pay in income taxes.
D)means everyone would pay the same income percentage in taxes.
The answer to this question is option B) is easier to calculate. A single income tax rate would simplify the tax system by applying the same rate to all income levels, eliminating the need for different tax brackets. This means that individuals or entities would not have to go through the complexity of calculating and filing taxes based on different income thresholds. Instead, they would only need to apply a single tax percentage to their income to determine the amount they owe. This simplicity can make tax filing and compliance easier for both taxpayers and tax authorities.
