Comparing proposed policy to the current income tax system

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Imagine that the U.S. Congress decides to completely overhaul the current federal income tax system because of its tremendous complexity and is considering a flat-rate income tax with no exemptions, deductions, exclusion, or credits. Compare this proposed policy to the current income tax system using the revenue policy evaluation criteria - horizontal and vertical equity, economic effects, collectability, and adequacy.

Reference no: EM13108183

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