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Analysis of Proposals Relating to Comprehensive Tax Reform - Softcover

United States Joint Committee On Taxation

 
9781330656372: Analysis of Proposals Relating to Comprehensive Tax Reform

Synopsis

This book delves into fundamental revisions and alterations that could influence tax policies, particularly income taxes. The author examines income as a concept, delving into equity, efficiency, simplicity, and stimulation of specific activities within tax policy. The text analyzes the relationship between tax liabilities and ability to pay taxes and discusses the potential impact of comprehensive tax reform proposals on the distribution of tax burdens by income class. It also explores the challenges of accurately defining income in periods of inflation and the complexities of taxing corporate income. Ultimately, the book provides valuable insights into how tax policies can be designed to balance competing objectives and promote a more equitable and efficient revenue system.

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