Discussion # 1Instructions:InstructionsStudents will answer the discussion prompt below (worth a maximum of 10 points). For this particular discussion assignment, replies should be no less than 300 words.Discussion Prompt:The U.S. currently collects almost half of our total federal taxes each year through the Form 1040 individual tax return using a progressive tax structure. Do you agree with this system of collecting taxes? If so, state your reasons why. If not, what recommendations would you suggest?