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Are there plausible tax systems other than the current federal income tax system? Please explain alternative systems such as the national sales tax, flat tax,
Are there plausible tax systems other than the current federal income tax system? Please explain alternative systems such as the national sales tax, flat tax, and the alternative minimum tax system.
In the context of Adam Smith's elements of taxation, please explain equality, certainty, convenience, and economy. Who in the society would be winners and losers if the current income-based tax system switches to another system. Explain challenges in transitioning from the current tax system to alternative.
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