The Taxation Debate

There probably is no greater point of contention in politics and economics than tax policy. While it is clear that the US Constitution gives Congress the authority to levy federal taxes, whether such should be a "flat" income tax (same percentage of income for all) versus a so-called progressive income tax (gradual increase in the percentage of tax according to income), there is a legitimate debate. Those who favor the "flat" tax usually modify it through an exemption of income up to a certain level and include various "loopholes." Those who favor the progressive income tax frequently point to the precedence for such in legal decisions historically. Click on the link below for a legal analysis of the issue and the support for the progressive tax.

"To Lay and Collect Taxes": The Constitutional Case for Progressive Taxation