Refer to the Ethics & Equity information reflected in Ch 26 of the textbook. Prepare a discussion board post commenting on the current self-assessment system and any additional enforcement procedures. Your discussion will include references to outside information as necessary. You should also respond to two other discussion board responses.

The united states is a large country of diverse taxpayers and businesses. Perhaps the only way the massive dollar amounts of Federal income taxes can be collected on a timely basis is through a self-assessment process, whereby the taxpayer is charged with disclosing a full price of the tax year's results and the corresponding computation of taxable income. But a system of self-assessment depends heavily on the honesty and integrity of the taxpayers and their ability to know and comply with the pertinent tax rules.

A recent year survey of taxpayer attitudes by the IRS revealed the results shown to the right.

Given the results of this survey, do you think the current self-assessment system is satisfactory? If not, should Congress create additional enforcement procedures to ensure taxpayer compliance? What sort of new reporting rules might be useful

Why Do You Report and Pay Your Taxes Honestly? (more than one answer allowed) Taxpayers for Whom This Reason Is Key Taxpayer Responses (Percent) My own personal integrity 93% A third party reported my information to the IRS (e.g., through a Form W-2 or Form 1099), so I must match that amount in my tax form Fear of an audit My neighbors report and pay their taxes honestly, so I will too 41% What Is an Acceptable Amount by Which to Cheat on Your Income Taxes? Taxpayers Responding (Percent) Not at all A little here and a little there As much as possible 3% Sources: 2019 IRS Comprehensive Taxpayer Attitude Survey at tinyurl. com/19-TP-Attitudes