Topic > The Pros and Cons of the Flat Tax - 704

I know that one of the advantages of our current income tax system is that those who earn a lower income will have to pay a lower tax percentage on their earnings. However, the disadvantages of this method are quite obvious. According to the Internal Revenue Service (IRS), charts show that there are six federal income tax brackets between 10 and 35 percent, meaning our progressive tax system hits hard-working people with a higher tax rate (Freedomworks.org). For example, people earning an income of up to $8,400 would fall into the 10% tax bracket, while people earning around $360,000 or more would fall into the 35% tax bracket (Rosen, Elizabeth). Taxpayers are divided into groups based on their taxable income. The more a person earns, the more taxes they will have to pay once they reach different tax bracket levels