25) and Senator Saxby Chambliss's proposal (S. Representative John Linder's proposal (H.R. Hall and Alvin Rabushka of the Hoover Institution.Īs of April 19, 2007, in the 110th Congress, six bills for fundamental tax reform have been introduced. In the 110th Congress or the prior Congress, one or more of the following four major types of broad-based consumption taxes are included in these congressional tax proposals: the value-added tax (VAT), the retail sales tax, the consumed-income tax, and the flat tax based on a proposal formulated by Robert E. Most of the recent tax reform proposals would change the tax base from income to consumption. Most observers believe that the problems and complexities of our current tax system are not primarily related to the number of tax rates but rather stem from difficulties associated with measuring the tax base. ![]() Critics express concern about the distributional consequences and transitional costs of a dramatic change in the tax system. Proponents of these tax revisions often maintain that they would simplify the tax system, make the government less intrusive, and create an environment more conducive to saving. Some involve significant income tax base broadening whereas others entail changing the tax base from income to consumption. ![]() Although referred to as "flat-rate taxes," many of the recent proposals go much further than merely adopting a flat-rate tax structure. ![]() The concept of replacing our current income tax system with a "flat-rate tax" has received renewed congressional interest. Bush appointed a nine-member bipartisan panel to study the federal tax code, and November 1, 2005, this panel proposed two alternatives to reform the code including simplification elements. Flat Tax Proposals and Fundamental Tax Reform: An Overview
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