The American Tax System And Th


The Tax System The current income tax system is in terrible shape. It is complex; unfair; inhibits saving, investment and job creation; imposes a heavy burden on families; and undermines the integrity of the democratic process. The system cannot be repaired by simple tinkering and fine-tuning, it must be completely repealed and replaced. The U.S. income tax code is a monument to unnecessary waste. The income tax system is so complex, the Internal Revenue Service (IRS) publishes number 480 tax Forms and 280 Forms to explain the 480 Forms. The IRS sends out eight billion pages of forms and instructions each year which, if laid end to end, would circle the earth 28 times. Nearly 300,000 trees ...

Want to read the rest of this paper?
Join Essayworld today to view this entire essay
and over 50,000 other term papers

The main reason the tax code is so complex is the proliferation of deductions, credits and other special preferences in the tax law. Because of these loopholes, taxpayers with similar incomes can pay vastly different amounts in taxes. This uneven treatment of taxpayers is fundamentally unfair and is at odds with the American value of equality under the law. The American people are beleaguered by the highest tax burden in American history. Taxes represent a larger share of the U.S. economy than ever before. In fact, the typical American family now pays more in taxes than it spends on food, clothing, transportation and shelter combined. The tax burden on families with children has risen dramatically during the last few decades. High taxes have fueled unparalleled growth in government. The U.S. public sector is now larger than the entire economy of any country in the world except Japan and the United States itself. The tax code reduces incomes through punitive taxes on saving, work and ...

Get instant access to over 50,000 essays.
Write better papers. Get better grades.


Already a member? Login

economies of 57 countries. While the thousands of lobbyists in Washington have prospered in an environment of tax favoritism, the typical taxpayer has not. The flat rate income tax bill, numbered H.R. 1040, proposed by Dick Armey (Rep., TX) and Co-sponsored by Bob Barr (Rep., GA) does away with the entire income tax code and replaces it with a flat-rate income tax that treats all Americans the same. This plan would simplify the tax code, promote economic opportunity, and restore fairness and integrity to the tax system. The flat rate would be phased-in over a three-year period, with a 19 percent rate for the first two years and a 17 percent rate for subsequent years. Individuals and ...

Succeed in your coursework without stepping into a library.
Get access to a growing library of notes, book reports,
and research papers in 2 minutes or less.


CITE THIS PAGE:

The American Tax System And Th. (2007, August 2). Retrieved June 24, 2018, from http://www.essayworld.com/essays/The-American-Tax-System-And-Th/69009
"The American Tax System And Th." Essayworld.com. Essayworld.com, 2 Aug. 2007. Web. 24 Jun. 2018. <http://www.essayworld.com/essays/The-American-Tax-System-And-Th/69009>
"The American Tax System And Th." Essayworld.com. August 2, 2007. Accessed June 24, 2018. http://www.essayworld.com/essays/The-American-Tax-System-And-Th/69009.
"The American Tax System And Th." Essayworld.com. August 2, 2007. Accessed June 24, 2018. http://www.essayworld.com/essays/The-American-Tax-System-And-Th/69009.
JOIN NOW
Join today and get instant access to this and 50,000+ other essays


PAPER DETAILS
Added: 8/2/2007 06:30:29 PM
Category: Political Science
Type: Free Paper
Words: 1570
Pages: 6

Save | Report

SHARE THIS PAPER

SAVED ESSAYS
Save and find your favorite essays easier

SIMILAR ESSAYS
The Search For A Better Tax Sys...
The Reagan Tax Cuts And Foreign...
Censorship And The First Amendm...
The Advantages Of American Educ...
The American Education System; ...
Censorship And The First Amendm...
Economics: The American Governm...
A Public Relations Proposal For...
Russian Reform And Economics: T...
The Closing Of The American Rev...
Copyright | Cancel | Contact Us

Copyright © 2018 Essayworld. All rights reserved