Question
It is popular to bash the US tax system as the most complex in the world (I do). However, what you put into place if
It is popular to bash the US tax system as the most complex in the world (I do). However, what you put into place if you had to start from nothing? Our class has just seceded from the United States and needs to develop a tax system sufficient to keep our class running which includes funding social programs, healthcare, education, infrastructure, and a small army. Post your idea for a better tax system and what you see as advantages or disadvantages to your recommendation. Feel free to research on other nations' taxing systems. As you create your own system of taxation and evaluate and comment on your colleagues suggestions, keep these criteria from Chapter 1 in mind: Sufficiency: involves assessing the aggregate size of the tax revenues that must be generated and making sure that the tax system provides these revenues. Equity: how the tax burden should be distributed across taxpayers. Certainty: means that taxpayers should be able to determine when to pay the tax, where to pay the tax, and how to determine the tax. Convenience: tax system should be designed to be collected without undue hardship to the taxpayer. Economy: should minimize the compliance and administration costs associated with the tax system.
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