Download or read book Fair Not Flat written by Edward J. McCaffery and published by University of Chicago Press. This book was released on 2008-09-15 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: Everyone knows that the current tax system is unfair. Some of the richest people in America pay no tax, while a huge share of the tax burden falls on the rest of us. A mere glance at the tax code confirms that it is far too complex, with volumes of rules that no ordinary person could possibly comprehend. What is to be done? Some conservatives have called for a so-called flat tax. But a flat tax is not necessarily a simple tax, and "flat" means "more" for most taxpayers: a rise in middle-class taxes to finance tax cuts for the rich. Is there another choice? In clear, easy-to-understand language, Edward J. McCaffery proposes a straightforward and fair alternative. A "fair not flat" tax that is consistent and progressive would tax spending, not income and savings. And if it were collected at its lower levels through a national sales tax, most people would not have to file a return. A supplemental tax on spending for the wealthiest individuals would make the national sales tax progressive. Under McCaffery's system, a family of four would pay no tax on their first $20,000 in spending, and 15 percent on the next $60,000. Only the few families who spend more than $80,000 a year would be subject to the supplemental tax. Necessities would be taxed less than ordinary and luxury items. No one would be taxed directly on savings. The estate and gift or so-called death tax would be abolished, for the simple reason that dead people don't spend. The "fair not flat" tax would fall on heirs when and as they spend their good fortune. Perhaps best of all, most Americans would not have to fill out tax returns. Simpler, more efficient, fairer, and more reflective of America's current social values, McCaffery's "fair not flat" tax could help get us out of the tax mess that politicians and special interests have gotten us into, improving the whole country in the process. Read Fair Not Flat to find out how. “In Fair Not Flat, Mr. McCaffery lays out the case for a consumption tax. He does so in a reader-friendly way, presenting his argument with very few footnotes, equations or technical terms. The consumption of the book, so to speak, is not at all taxing. And its argument is well worth pondering.”—Bruce Bartlett, Wall Street Journal

Download or read book The Fair Timing of Tax written by Edward J. McCaffery and published by . This book was released on 2005 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The traditional understanding of broad-based tax systems contrasts an income tax with all forms of a consumption tax. The income tax, alone, includes the yield to capital in its base; consumption taxes do not. Simple financial analysis demonstrates the equivalence of the two most common classes of consumption taxation - prepaid, or wage-based, and postpaid, or sales taxes - under certain assumptions, most importantly including constant tax and interest rates between the periods in the model. Advocates of redistributive taxes insist on both progressive rates and an income base, in large part to tax the yield to capital; opponents clamor for flat-rate consumption taxes, often invoking Mill's celebrated argument against the income tax's double taxation of savings to support their case. Once progressivity is presumed, however - as its enduring popular appeal suggests it ought be - the traditional understanding is flawed. Asking a different timing question, when, in a taxpayer's flow of funds, ought progressive taxes be imposed?, casts tax systems in a new light. The present tax system emerges as an onerous wage-based one. A progressive cash-flow consumption tax, in contrast, emerges as the best - most consistent and principled - tax on the yield to capital, under just the conditions in which it is fair and appropriate to tax such yield. This gives a further reason to support a progressive cash-flow consumption tax, sounding in reasons familiar to income tax supporters. A consistent progressive cash-flow consumption tax will lower the burden of taxation when capital transactions (borrowing, saving, and investing) are used to smooth labor earnings within or between lifetimes (or taxpayers), and will increase the burden of taxation when capital transactions are used to enhance labor earnings within or between lifetimes (or taxpayers). Critical reflection based on a near century of experience reveals such a tax to give form to attractive normative ideals. The new understanding helps to show that the traditional and most common arguments for consumption taxation are not compelling. The best, most appealing case for a consumption tax does not rest on simple horizontal equity models, nor on claims about the economic, consequentialist importance of savings on an individual or an aggregate social level. Rather it is claims of fairness, in a social contractarian sense in the manner of John Rawls and other liberal theorists, that argue for a properly designed consumption tax - in part precisely because of the way such a tax sometimes but not all the times burdens capital and its yield, and in greater part because such a tax points the way towards greater, more meaningful progressivity in tax. The new understanding of tax yields important insights into pressingly practical matters of tax policy and design, and opens up an important window to critique contemporary trends in tax reform. The battle in tax policy should not be over income versus consumption taxation - as it has been for centuries - but rather over what kind of consumption tax to choose. Failure to address this question head-on has led tax policy to move, seemingly inexorably, towards the wrong choice, with the fate of progressive, redistributive taxation hanging in the balance.

Download or read book Summary The Fair Tax Book written by BusinessNews Publishing, and published by Primento. This book was released on 2017-01-30 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: The must-read summary of Neal Boortz and John Linder's book: "The FairTax Book: Saying Goodbye to the Income Tax and the IRS". This complete summary of "The FairTax Book" by Neal Boortz and John Linder outlines their proposal for a new way of raising revenue in the US with FairTax, a flat-rate sales tax. They explain the concept of FairTax, how it differs from the current tax regime and how it could bring huge benefits by transforming the bureaucracy of the IRS. Added-value of this summary: • Save time • Understand taxation and consumer behaviour in the US • Expand your knowledge of global economics and politics To learn more, read "The FairTax Book" and discover how we can change the current tax system to bring better benefits for all.

Download or read book The Fair Tax Book written by Neal Boortz and published by Harper Collins. This book was released on 2009-03-17 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: Wouldn’t you love to abolish the IRS . . .Keep all the money in your paycheck . . .Pay taxes on what you spend, not what you earn . . .And eliminate all the fraud, hassle, and waste of our current system? Then the FairTax is for you. In the face of the outlandish American tax burden, talk-radio firebrand Neal Boortz and Congressman John Linder are leading the charge to phase out our current, unfair system and enact the FairTax Plan-replacing the federal income tax and withholding system with a simple 23 percent retail sales tax. This dramatic revision of the current system, which would eliminate the reviled IRS, has already caught fire in the American heartland, with more than 600,000 taxpayers signing on in support of the plan. As Boortz and Linder reveal in this first book on the FairTax, this radical but eminently sensible plan would end the annual national nightmare of filing income tax returns, while at the same time enlarging the federal tax base by collecting sales tax from every retail consumer in the country. The FairTax, they argue, would transform the fearsome bureaucracy of the IRS into a more transparent, accountable—and equitable—tax collection system. Endorsed by scores of leading economists—and supported by a huge and growing grassroots movement—the FairTax Plan could revolutionize the way America pays for itself.

Download or read book Flat Tax Revolution written by Steve Forbes and published by Regnery Publishing. This book was released on 2005-07-18 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: The president of Forbes, Inc. presents his argument for a flat tax, suggesting that the new tax would be fair and efficient, with the new tax form being no bigger than a postcard and without any of the loopholes that currently exist.

Download or read book A Fair Share of Tax written by Lotta Björklund Larsen and published by Springer. This book was released on 2018-01-15 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is open access under a CC BY 4.0 license. This book takes a taxpayer's perspective on the relations taxation creates between people and their state. Björklund Larsen proposes that in order to understand tax compliance and cheating, we have to look beyond law, psychological experiments and surveys to also include tax collectors and taxpayers' practices. The text explores the view of taxes seen as citizen’s explicit economic relation to the state and implicit economic relation to all other compatriots. Björklund Larsen directs our gaze onto the concept of reciprocity, which is often proposed as an explanation in tax compliance research, and explores its diverse meanings and implications ethnographically. The empirical cases are based on ethnography from two opposing tax practices in Sweden. Firstly, from a study of analysts, auditors, legal experts and managers at the Swedish Tax Agency and how they, quite successfully, strive for legitimacy in their tax collecting activities. Secondly, from fieldwork among a group of middle-aged Swedes and how they justify their purchasing work off the books – essentially tax-cheating practices. Sweden is a modern welfare society with citizens holding rational and secular values, yet trusting their government and fellow citizens. Sweden also has a high tax burden that is collected by one of its most revered governmental agencies – the Swedish Tax Agency - making it an interesting case studying tax compliance.

Download or read book Bill Gates Pay Your Fair Share of Taxes Like We Do written by Brigitte Alepin and published by James Lorimer & Company. This book was released on 2012-03-28 with total page 185 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bill Gates and other wealthy individuals around the world do pay taxes--but usually at rates far below what most taxpayers pay. As Warren Buffet says, his secretary pays a higher tax rate than he does on his multi-million dollar income. And most big corporations have mastered the art of paying next to nothing in taxes. Many experts and financial journalists dismiss the idea that higher taxes for rich people and large corporations would make a difference to government revenues. Even Bill Gates's personal fortune wouldn't make a dent in the huge US government deficit. But Harvard-trained economist and tax expert Brigitte Alepin has a different point of view. Relying on her in-depth knowledge of tax systems in Canada, the US, France, and elsewhere, Alepin provides a behind-the-scenes explanation of what has happened to create a massive gap in government revenues. Over the last twenty years, large corporations, the super-rich, and private foundations have found many ways and means to avoid being taxed. This black hole in government revenues-found in virtually every country-accounts for trillions of dollars in lost revenue every year. As Alepin demonstrates using data drawn from leading international organizations, those missing trillions would go a long way towards allowing the world's governments to balance their books. Collecting taxes from big corporations and the super-rich cannot be done by any one country alone. But with governments of all political stripes facing this common problem, there are concrete steps they can take together to address it. Ensuring that wealthy individuals and corporations pay their fair share in taxes would not result in ruinously high rates. Instead, it would mean that the super-rich and corporations would pay their fair share of taxes at rates that would reflect their true ability to pay. Brigitte Alepin shows how a fair tax system for Bill Gates and for the world's richest individuals and corporations can be the answer to the financial crisis the world faces today.

Download or read book Fair and Equitable Tax Policy for America s Working Families written by United States. Congress. House. Committee on Ways and Means and published by . This book was released on 2008 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Flat Tax written by Robert E. Hall and published by Hoover Press. This book was released on 2013-09-01 with total page 245 pages. Available in PDF, EPUB and Kindle. Book excerpt: This new and updated edition of The Flat Tax—called "the bible of the flat tax movement" by Forbes—explains what's wrong with our present tax system and offers a practical alternative. Hall and Rabushka set forth what many believe is the most fair, efficient, simple, and workable tax reform plan on the table: tax all income, once only, at a uniform rate of 19 percent.

Download or read book Stewardship Economy 5 Efficient fair taxes and the role of the state written by Julian Pratt and published by Richard Pratt. This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Efficient, fair taxes and the role of the state describes the some of the adverse effects of of our current system of taxation and considers the role of the state in a stewardship economy.

Download or read book Annotations of the New York State General Laws and Constitution written by William Henry Silvernail and published by . This book was released on 1901 with total page 978 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Fair Play and no extra Taxes for the Farmers An appeal for the removal of the Rates and Taxes which are levied exclusively on Land written by Benjamin Sharpe and published by . This book was released on 1852 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Federal Income Taxation written by Camilla E. Watson and published by Oxford University Press. This book was released on 2011-09-22 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Tax law is a daunting subject for many law students. It requires a firm grasp of the Internal Revenue Code provisions, the reasoning behind them, the way they interact, and the way courts have interpreted them. Students must also acquire a brand new vocabulary of tax terms. For the first time, Oxford University Press equips students with an accessible guide to acing this most challenging of law school tests. In Federal Income Taxation: Model Problems and Outstanding Answers, Camilla E. Watson helps students demonstrate their knowledge of federal income tax law in the structured and sophisticated manner that professors expect on law school exams. This book includes clear introductions to the major topics in tax law, provides hypothetical's similar to those that students can expect to see on an exam, and offers model answers to those hypothetical's. Professor Watson then gives students the opportunity to evaluate their own work with a comprehensive self-analysis section. This book prepares students by challenging them to use the law they learn in class while also explaining the best way to express an answer on law school exams.

Download or read book Sales Tax and Fair Trade Practices Hearings Before a Subcommittee on H R 4214 H R 4722 Nov 30 Jan 6 1938 written by United States. Congress. House. Committee on Interstate and Foreign Commerce and published by . This book was released on 1938 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Sales Tax and Fair Trade Practices written by United States. Congress. House. Committee on Interstate and Foreign Commerce and published by . This book was released on 1938 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Inheritance Taxes in 1912 and 1913 written by Arthur Walker Blakemore and published by . This book was released on 1914 with total page 1510 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Australian Law Times written by and published by . This book was released on 1906 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: