Question
In late 2017, the advent of the highly publicized Tax Cuts and Jobs Act (TCJA) enacted some sweeping tax law changes. If you're not very
In late 2017, the advent of the highly publicized Tax Cuts and Jobs Act (TCJA) enacted some sweeping tax law changes. If you're not very familiar with the key aspects of the TCJA legislation, prior to posting your comments in this discussion please be sure to first do a bit of research on the key federal tax changes that were instituted.
What are your personal perspectives on the TCJA legislation? Do you believe there should be further subsequent reforms to our nation's current federal taxation laws? In addressing these questions, consider and discuss in detail any of the following points.
- Do you believe the current tax system is fair to all taxpayers? Why, or why not?
- Do you believe the current tax system is too complex? If so, how might it be simplified?
- Do you believe the current tax system is too expensive to administer?
- Do you believe the current tax system is effective at raising adequate revenue while not adversely impacting business and personal financial decisions?
- To what extent would you personally support a change to our nation's current tax system?
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