In Canada,proponents of a flat tax system replacing the current progressive income tax system argue that
I.A flat tax system would result in higher savings and investment.
II.A flat tax system would result in more economic growth.
A)I only
B)II only
C)Both I and II
D)Neither I nor II

Question

Quizplus · Accepted Answer

Proponents of a flat tax system argue that a simpler tax system would encourage savings and investment as people would be able to keep more of their income. Additionally, they argue that a flat tax system would create more economic growth by reducing the tax burden on businesses and individuals, which would allow them to allocate more resources towards productive activities. Both of these arguments support the implementation of a flat tax system over the current progressive income tax system in Canada.

In Canada,proponents of a Flat Tax System Replacing the Current