6)What is the function for a 17% flat tax

7) If your taxable income is $50,000 on the current system, what is your tax?

8)If your taxable income is $50,000 on the 17% flat tax, what is your tax?

9) If your taxable income is $150,000 on the current system, what is your tax? If your taxable income is $150,000 on the 17% flat tax, what is your tax?

10) For what amount of taxable income do the two systems result in the same amount of tax?

Alternative Tax Methods In other countries, taxes are much simpler. One example of a simpler system is what is called a flat tax. Everyone pays the same percentage, regardless of income. A handful of countries use flat tax. Greenland - 45%, Mongolia and Kazakhstan - 10%, and Bolivia 13%, One of the merits of a flat tax system is that you could possibly fill out your income taxes on a postcard. It would reduce the complexity of filing taxes For now, this is a graph our current tax system and the yellow line is a graph with an arbitrary 17% flat tax. Notice how the yellow line is a simple straight line. The tax rate increases consistently for every dollar you earn