Taxes

Progressive:

pros: Some believe that the progressive tax code ensures that the wealthy pay their fair share in taxes. It helps make sure that those who have the highest income are asked to contribute more, and helps those who can't afford to pay taxes and keep a roof over their head at the same time be able to keep some money for themselves. This method could help the economy by keeping more families afloat. <"A progressive system distributes the risks of economic changes by basing a family's tax burden on their ability to pay.">

cons: Progressive taxes discourages economic growth by burdening high-income earners. Taxing high income earners more money only decreases their wealth, which would decrease how many high income earners there are. Also, raising taxes would kill job creation. The more money you take away from the rich, the less money they have to strengthen the economy by starting their own businesses and making investments. Taxing the rich to benefit the poor is also sending a bad message. It's  basically saying that you don't need to work hard because other people are working hard for you. The wealthy people worked hard for their income and don't want to give it away to someone who doesn't give an effort. <"We're running out of rich people to tax by taxing the few surviving millionaires into oblivion.">

I oppose to this tax because even though the wealthy people of the nation could probably still do well with a progressive tax system, it isn't fair to them to pay more.

Flat:

pros: All incomes under a flat tax are taxed at the same rate. Also, only a person's wage income would be taxed. The flat tax code also usually exempts lower incomes entirely. The flat tax rate is so attractive to many because of its simplicity. It also eliminates loopholes for wealthy people who hire accountants who know how to take advantage of existing loopholes. The flat tax code also emphasizes work, savings and investing, and inherit fairness. <"Fairness is the greatest virtue of the flat tax, no matter how much money you make, what kind of business you are in, and whether or not you have lobbyists in Washington, you will be taxed at the same percentage as everyone else.">

cons: Wealthy people could end up not paying any taxes if they get their income from dividends and capital gains. Since only the income wage is taxed, the lower class could still be paying 17% while the wealthy is paying 0%. Opponents argue that the only people pushing for a flat tax rate are the wealthy because they would benefit from it the most. <"Every Republican flat tax we have seen either explodes the deficit or raises income taxes on middle income families.">

I oppose to this tax because it would not benefit the population as a whole.

National Sales:

pros: National Sales tax is a much simpler way of taxing. It would also eliminate any problems with the current tax system. Also, this tax would create a fair market for corporate and noncorporate companies and allow them to make decisions regardless of taxation. < It would get rid of the differential tax treatment of corporate and noncorporate businesses, since under the current system, corporate earnings are taxed twice- once when the corporation is taxed on income, and again when dividends are provided to share holders.">

cons: Some believe that this tax would cripple the American lower class by the wealthy not having to pay as much as the middle and lower class. The middle and lower class spends so much time trying to make ends meet, that if the government used the National Sales Tax, then it would be unfair to them.<"Replacing most federal taxes with a national sales tax would cause large tax increases for most Americans while allowing huge tax cuts for the wealthiest.">

I oppose to this tax because it puts more strain on the middle and lower class, which makes up more of our population than the wealthy do.

VAT:

pros: A big advantage of the VAT is that it helps keep corporate taxes down. Keeping these taxes down helps the U.S. become bigger in the international market. Also, it could help pay off the national debt in the long run. <"The size and complexity of domestic and international corporate taxes are indeed a problem in the United States of America, VAT could well relieve some of those issues.">

cons: The problem with VAT is that the middle and lower class would be taxed 5% on everything they buy, so prices would be higher for necessities. Raising prices like this would keep customers away from buying from the american market. Another reason to be against it is that the price doesn't change. <"Being a tax on consumption, its a regressive tax, one that is disproportionately burdensome on the poor and middle class.  The lower a persons income, the greater the proportion of that income that goes into products and services.">

I support this tax because it has the best chance of helping the U.S. with the national debt.