Saturday, December 21, 2019
The Tax Reform The National Sales Tax - 1105 Words
The Answer to Tax Reform: The National Sales Tax Recently, the public and the government of the United States have been at odds with each other over many enforced fiscal policies. Whether one believes that the answer to the nationââ¬â¢s economical crisis is an increase taxation of the wealthy one percent, or the leveling of the tax rate, every concerned citizen is searching for a solution. Typically, in American politics, the liberal side of the political scale believes that the wealthy should contribute more to the nationââ¬â¢s tax income. This idea centers on the notion that a lower tax rate on the poor will ease their burden and allow them to purchase more products; meanwhile, the rich will support the tax deficit from the lower classes with their own vast amounts of wealth. Opposite liberals, there is the conservatives. They will typically advocate for a tax break for business owners (wealthy or otherwise) or a more even tax rate across the socioeconomic classes. This outlo ok is supported by the idea that if the upper one percent of the U.S.A. is flourishing, it will produce more jobs and opportunity for the middle and lower class. Regardless of who is consulted, many people in todayââ¬â¢s more liberal society will agree with higher taxation of the rich. However, there is a growing number of people in the United States that believe that the answer to solving the economic crisis is to abolish the current income tax and replace it with a national sales tax. By installing a nationalShow MoreRelatedEssay on Tax Reform in The United States1627 Words à |à 7 PagesThe current tax policy in the United States is very confusing and it is very costly for our government to administer it. It is in the best interest of our country and its citizens to revise or replace our current tax policy. 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A comprehensive dual Goods and Services Tax (GST) has replaced the complex multiple indirect tax structure from 1st July 2017. Internationally, GST was first introduced in France and now more than 160 countries have further implemented GST/VAT in some form or other. In some countries, VAT is the substitute for GST, but conceptually it is a destination based tax levied on consumption of goods andRead MoreThe Tax Reform Act Of 19861607 Words à |à 7 PagesThe main topic of this research paper is taxation. Seeing that this topic is pretty open, Iââ¬â¢ve chosen to write about the proposed idea of Fair Tax. Along with a little bit of insight on Fair Tax and a couple highlights of history, Iââ¬â¢ll try and explain some pros and cons as well as give my opinion on the topic. According to vocabulary.com ââ¬Å"Taxation refers to the practice of a government collecting money from its citizens to pay for public servicesâ⬠. Our country was practically founded because
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