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What are the objectives of a tax system? What makes a tax system complicated? Describe, in sufficient detail, the following major tax reform plans: a.

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What are the objectives of a tax system? What makes a tax system complicated? Describe, in sufficient detail, the following major tax reform plans: a. Flat Tax b. Fair Tax c. Competitive Tax (suggested by Michael Graetz) Discuss the pros and cons of each of these plans. List, in bullet-point form, at least 5 pros and 5 cons for each plan

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