Saturday, April 20, 2019
Respond post Essay Example | Topics and Well Written Essays - 250 words - 1
Respond post - Essay Exampleat when the expect for tax increase arises, which is normal, it would be difficult to get support from the public as they would interpret it as an increase in cost of living. Second, the writer highlights the proposal that a national sales tax should be established. In brief, the frame would involve collecting sales tax at all retail establishments peer to 23% instead of taxing income. My response is in favor of the proposal. This is because the system would spread the tax gist evenly. This is because everyone buys things. Therefore, it curbs means of cheating and evading tax.2. According to the article, Income Tax Reform and Flat Tax, the federal tax code is besides detailed and lengthy. The writers propose a flat rate tax on income. It will make original citizens have more money in their pockets as well as eliminate bureaucracy, long and expensive procedures during filing. Another proposal is Simple Exact Tax, and that is pure, fair and pro-growth. My response is that reform is necessary as we argon evolving. The current system consumes time and money. Any error in the forms is fined by the government making the system very demanding (Jones, Thomas, & T.Lang, 2012). With the introduction of new taxes like medical excise tax, it gets more frustrating.3. The ovalbumin dwelling and treasury Department have released Business Tax Reform that has suggestions for simplifying tax law and stimulate economic growth. The memorial proposes adoption of methods that will make it easier for people to start and run startups by reducing the deductions (The White House and the Department of the Treasury, 2012). My response is that if the suggestions are to be adopted, they will spell success for most people. The benefits from this reform would raise a more generous phase-out schedule and considerably simplify and restructure the tax credit rulesThe White House and the Department of the Treasury. (2012, February). The Presidents Framework For Business Tax Reform. Retrieved April 18, 2015,
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