If you were in charge of developing a tax system for a country, how would you structure taxes?

If you were in charge of developing a tax system for a country, how would you structure taxes? For example, who should pay the greater percentage of taxes? What should taxes be used for?

What tax preparation option do you think you are most likely to use? Why? What are the advantages and disadvantages of using this option?

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  • Bobbie
    Lv 7
    8 years ago
    Favorite Answer

    The Manhattan Institute, a 501(c)(3), is a think tank whose mission is to develop and disseminate new ideas that foster greater economic choice and individual responsibility.

    ENDNOTES

    Quoted in Arthur B. Laffer, Stephen Moore, and Peter J. Tanous, The End of Prosperity: How Higher Taxes Will Doom the Economy—If We Let It Happen (New York: Simon & Schuster, 2008), p. 56.

    This figure includes the phase-out of deductions under the Affordable Care Act (ACA).

    Quoted in Laffer et al., p. 48.

    This figure and the capital gains figure includes the 3.8 percent surtax imposed under the ACA.

    David Rosenbaum, “The Push and Pull Over Taxes,” New York Times, December 8, 1992, p. D1.

    Tax Foundation, “Federal Income Tax Returns With Zero or Negative Liability,” October 18, 2011. http://taxfoundation.org/article/federal-individua...

    Quoted in Stephen Moore and John Silvia, “Policy Analysis: The ABCs of the Capital Gains Tax,” Cato Institute, October 4, 1995. http://www.cato.org/publications/policy-analysis/a...

    Jason DeParle, “Harder for Americans to Rise From Lower Rungs,” New York Times, January 4, 2012, p. A1.

    Scott Winship, “The President’s Suspect Statistics” National Review Online, January 2, 2012. http://www.nationalreview.com/blogs/print/286874

    Ibid.

    Scott Winship, “Mobility Impaired” Brookings Institution, November 9, 2011. http://www.brookings.edu/research/articles/2011/11...

    Chul-In Lee and Gary Solon, Trends in Intergenerational Income Mobility, working paper no. 12007 (National Bureau of Economic Research, January 2006), p. 16,

    http://www.nber.org/papers/w12007

    Hope that you find the above enclosed information useful. 11/12/2012

    http://www.manhattan-institute.org/html/ir_22.htm

  • James
    Lv 7
    8 years ago

    I would implement the 150% steal tax. Or higher. You get caught stealing producing illegal drugs,what ever. You then have to go to work and play the Government 150% back in tax's. Of estimated value, of all they can find you stole. They could estimate high and higher as well. This would put the tax burden on our Politicians,Bankers, Corporations, drug makers and smugglers,those who hire illegals, and such. And leave the good citizens free to lead a tax free life. It would also eliminate prisons. As people working 2 full time jobs to pay there tax's don't have time to do illegal acts.

  • 5 years ago

    That you could take the top three off the record, they aren't broke. The country depends on the railways and the publish office. Do not you think it fees greater than 42 cents to mail an envelope throughout nation. If they raised it to FEDEX and u.S.A.Charges you'd be the first to ***** about it. The equal thing with the railroads, they are a necessity and if they function at a loss the one factor to do is carry premiums. How do you suppose the industrialists would consider about that? You individuals are not able to see past your nose, that is why I can not stand any of you.

  • 8 years ago

    The first rule of taxation is this: Be sure that the taxpayer can afford to pay the tax. The ONLY tax that universally adheres to that rule is a properly designed progressive rate income tax. All other taxes fail that test, some of them devastatingly so.

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  • tro
    Lv 7
    8 years ago

    make it simple and make it even across the board

    I have an idea that no one seems to like so I don't offer it any more

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