Flat Tax System Could Harm Welfare, Caution Urged in Tax Reform
The article compares different ways of taxing income to see which one is best for society. They looked at how much money should be taken from people's paychecks to help others without hurting the economy. The researchers found that changing to a flat tax system would not make things better, and switching to a different system would only make a small difference. So, big changes to the tax system might not be a good idea.