human
What's the argument for and against using a flat tax?
assistant
The arguments in favor of a flat tax are that it is simpler, fairer, easier to administer, and more efficient. It also eliminates many deductions and credits that can distort economic activity and reduce overall revenue. Opponents argue that a flat tax would be regressive, meaning those with lower incomes would pay higher taxes than those with higher incomes. They also claim that it could lead to less investment and economic growth due to reduced incentives to earn additional income or take risks.