Revenue Neutral and Enhancing Alternative Proposal for Unethical Taxation of Salaried Income

The Oxford Learner’s Dictionary defines fairness to be ‘the quality of treating people equally or in a way that is reasonable’ and justice as ‘the quality of being fair or reasonable’ (Oald8.oxfordlearnersdictionaries.com, 2014). Investigation of the characteristics of the Australian Legal System (ALS) including its adoption, structure and operational rules, reveal that for the most part the system is based on these two attributes. This inference is further evidenced by the legally binding operational framework assigned to the financial services industry and reflected in the codes of practice that also guide it.

The tax policy in the United States is very confusing. When the tax policy was originally written in 1913 it was four hundred pages. Now, over the past ninety one years, that tax policy has evolved to over 72,000 pages. Since the tax code has become so lengthy and nearly impossible to understand, the topic of tax reform has been in the minds of many. Although, most barely think about tax reform until tax season. It is a controversial subject due to the impact a change in tax code would have on the American people. The two most popular and widely known stakeholders in this debate are the two major political parties in the United States, the Democrats and the Republicans. The two parties share absolutely no common ground on the subject of

The tax system was created as a way for the government to raise revenue and provide services on the behalf of those who pay those taxes. The burden of the level of taxes paid by the citizen seems to continue to increase, but the purpose of tax exemptions, according to the Louisiana Budget Project, is to encourage certain activities-such as economic development, the hiring and training of the unemployed, and the development of low-income housing. The

Within the United States, there is an unequal collection and distribution of resources. The current unequal or socially unjust tax system is a direct contrast to the social justice theories of John Rawls. The taxation discrepancy has ramifications on many important aspects of our society, such as health care, employment, old age security, and education. These issues affect everyone in our society, regardless of age, race, gender, or sexual orientation. Thorough more equal taxation, we have the potential to create a more society as a whole.

The tax system in the United States has changed throughout the years, with many attempts to make it "fair" or "equal" while at the same time generating enough income for the United States government to thrive. It is a complex issue, and a controversial one at that. While it may not be possible for our tax system to ever be fair, it is important to make sure it doesn 't put more financial stress and pressure on one group than on another.

The issue of taxes and different tax systems is arguably one of the most important issues to many Americans. Having an effective Tax Code is definitely important in maintaining a healthy economy; however, there are different perspectives when it comes to the rates and percentages that citizens pay.

“In the world nothing can be said to be certain except death and taxes.” This well-known quote penned by Benjamin Franklin perfectly sums up the feeling of inevitability felt my most when discussing taxes. Governments provide citizens with needed services, but they cannot do so without money. That fact leads to a question that affects every taxpayer, what is the best method for collecting taxes. Is it better to collect the money based on an individual or business’ income? Is it better to base the tax on how much a person spends through a sales tax? How do the different

First, this quote is the best representation of the tax structures because it explains why the percentage of money is taken out of a person paycheck that goes to the government. The tax structure determines the amount of tax an individual's owe depending on their income statues. A progressive tax is when the percent of income paid in taxes increases as income

The United States economy, as known by all, is not in its best shape. One way in which the government gains money is by imposing taxes on people. There are many taxes that are placed on different things that everyone needs or already has. The United States uses a taxation system which is criticized by many. The system used in Progressive Tax; however, many people believe the system of Flat Tax, or Proportional Tax, should be the system that is used for taxing.

An income tax is a rate charged on the income of individuals as well as business (companies or other legal entities). Individual income taxes often tax the total earning of the individual, while corporate tax often taxes net profit of the company. Different tax systems exist, with varying degrees of tax incidence. Income taxation can be progressive, proportional or regressive. Tax systems define income differently such as inclusion of windfall earnings, and often allow notional reductions of income such as a reduction based on number of children supported.

Perry & Christensen (2015) provide insight on the design and administration of a revenue system, as well as how it is evaluated. A revenue system is a collection of sources that is used by the government that are extracted through the means of tax and charges. Designing a revenue system is not merely created from scratch; it is an older system that has been modified to comply with and be accepted by society. These systems have been trending since the beginning of socioeconomic development and continue to evolve. Revenue systems are evaluated through a set of criteria; economic efficiency, equity, feasibility, and adequacy. It is noted that transparency is also part of the criteria, but it is a separate criterion in itself. Research and evidence examine the set of criteria by focusing on the income tax and how it has been the main source of revenue for the US Federal government. There have been many innovations in the technology of tax collection that have been implemented in the US, and have also been adopted globally by both developed and developing countries. Efforts to improve current systems and policies are examined based on the set used to evaluate the revenue system.

The estate tax is a tax upon your right to transfer property at the time of your death. It is often called the death tax and it has been a partisan point of disagreement for quite some time. As the tax only applies to estates of $5.45 million and over, this tax only applies to the wealthy. Enacted in 1916 to help finance World War I, the estate tax has come under more scrutiny lately because of our government’s financial situation and the one-hundredth anniversary (Caron 825). The intellectual world is divided on whether to repeal, reform, or keep unchanged the estate tax. Some even argue that transfers of wealth should not be taxed at all. This essay will contend that the current estate tax should be replaced with a lifetime accessions tax to encourage donors, reduce concentrations of wealth, and safeguard equality of opportunity. Additionally, this paper will compare the lifetime accessions tax to other proposed alternatives.

The United States tax system is in complete disarray. Republicans and Democrats agree that the current tax code is complex, unfair, and costly. The income tax system is so complex; the IRS publishes 480 tax forms and 280 forms to explain the 480 forms (Armey 1). The main reason the tax system is so complex is because of the special preferences such as deductions and tax credits. Complexity in the current tax system forces Americans to spend 5.4 billion hours complying with the tax code, which is more time than it takes to manufacture every car, truck and van produced in the United States (Armey 1). Time is not the only thing that is lost with the current tax system; Americans also lose

The federal income tax in the United States of America is consider to be one of the most pressing issues, narrated by it complication. The Sixteenth Amendment ratified to the U.S. Constitution in 1913, established the federal income tax. The system imposes a tax on wages and salaries earned whether from self-employment income, alimony, prizes, capital gains, dividends, and interest. So, all incomes are not taxable, and there are differences in between “adjusted gross income,” and “taxable income.” While, many overlook that there are distinction between a person’s marginal tax rate and effective tax. The U.S. federal income tax system applies increasing marginal tax rates on income. Therefore, the tax rate changes depending

Taxation systems are usually modeled in such a way that they take into consideration the social welfare of the citizens. The government and other policy makers have the responsibility of ensuring that the system takes into account the needs of the citizens. The bottom line is that taxation should foster equal distribution of resources. The rate of taxation is usually arrived at after several considerations have been made. The rates are not fixed as they depend on the various economic changes. The issue of how taxation should be distributed among the different economic classes is yet to be addressed.