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Author: William W. Oliver Publisher: ISBN: Category : Business & Economics Languages : en Pages : 152
Book Description
A nationally known expert on tax law and a veteran professor of Indiana University Law School, Professor Oliver addresses the usefulness and legality of the income tax. He analyzes and critiques the major proposals for tax reform proposed by presidential candidates, congressional leaders and economists.
Author: William W. Oliver Publisher: ISBN: Category : Business & Economics Languages : en Pages : 152
Book Description
A nationally known expert on tax law and a veteran professor of Indiana University Law School, Professor Oliver addresses the usefulness and legality of the income tax. He analyzes and critiques the major proposals for tax reform proposed by presidential candidates, congressional leaders and economists.
Author: Sheldon Richman Publisher: The Future of Freedom Foundation ISBN: 1890687111 Category : Languages : en Pages : 133
Book Description
The income tax wasn’t integral to anything the Founders of this country had in mind and it wasn’t integral to anything they designed. Your Money or Your Life: Why We Must Abolish the Income Tax shows where the income tax and the IRS came from, and recounts not only how they came to be but why. What makes Richman’s analysis different is that he shows that the special evils of the IRS and income tax are not accidental, something that can be eliminated just by putting the right people in charge or by offering a few reforms here and there. They are intrinsic to the purpose for which the IRS and the income tax exist. And that’s why Richman proposes that the whole thing just be repealed. This book shows how the income tax makes you poorer. Reading Richman’s discussion of it will make you richer.
Author: Steve Forbes Publisher: Regnery Publishing ISBN: 0895260409 Category : Business & Economics Languages : en Pages : 242
Book Description
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.
Author: Jeffrey Paul Cajka Publisher: Independently Published ISBN: Category : Languages : en Pages : 0
Book Description
The REAL FAIR TAX replaces the Individual Income Tax by taxing the States. If this sounds unconstitutional, it is not. Although it is a direct tax on the states, it is apportioned by population and thereby is constitutional. The process was used during the American Revolution to fund the national government. The problem was the system was voluntary. This one will not be. Under the REAL FAIR TAX, each state will provide their federal tax portion as determined by population. Implementation of the system will be conducted over a 10-year period. During those 10 years, no policy changes can be made to the federal individual income tax system. Before the start of every fiscal year, the Congress shall determine the total individual income tax to be collected. The Treasury will apportion to each state their share of that tax. The state will determine how best to collect the revenue to meet that tax and submit its share monthly. For the first year, 10% of the Congressionally determined tax will be levied against the state and the other 90% will via the current federal individual income tax. Each year that percentage will increase until after 10 years, the entire amount of the tax will be borne by the states. The REAL FAIR TAX is equitable because it is apportioned by population, it is constitutional because it is a direct tax apportioned by state, it will relieve the federal income tax burden of the American people and will eliminate the hated Internal Revenue Service.
Author: Loren Meierding Publisher: iUniverse ISBN: 1440148848 Category : Business & Economics Languages : en Pages : 194
Book Description
The United States became an economic superpower and leading economy in the world with limited government intervention in its economy. It has maintained the lead during the past century despite significant increased government regulations and intervention, especially through high profits taxes. Profits taxes were raised to very high levels in the 1940's and 1950's. Although reduced since then, manufactiuring corporations still pay over 50 percent of their retained earnings to the government. In States like California and New York, profits taxes are the highest in the world and reduce American competitiveness. The U. S. faces significant problems with funding retirement, health care, and education. With a shrinking workforce, adequate funding of these needs is achievable only through strong economic growth. The Obama Administration believes that it can engage is massive deficit spending, fund universal health care, fund many government projects, borrow vast amounts of investment money available to the private sector, and produce good economic growth. But there are no free lunches in economics. Government is only parasitic on the private economy through tax revenue. Adequate funding for expanded government projects can only come from expanded private sector investment and growth. Massive government spending may encourage some increased consumption and temporary nominal growth, but it will not yield the good real economic growth that matters. Economics like nearly everything is a complicated matter and the simplified solutions of Obama and the left to soak the rich and raise taxes to help the poor always have secondary and tertiary effects which usually do more harm than good. They slow down economic growth and make nearly everyone poorer in the long run. They may equalize incomes at the cost of productivity and innovation without changing inequality patterns in wealth. Wealth in Sweden is more unequally distributed than in the U.S. The simplest and easiest move to help everyone is to eliminate profits taxes. Many politicians think that profits taxes are relatively benign because they can be passed on to consumers. But profits taxes have had many adverse consequence for the U.S. economy during the past 75 years. They have reduced investment, slowed economic growth, and caused considerable misallocation of resources and losses of efficiency. They raise industry barriers to entry and competition. They increase industry concentration and produce corporations that dominate industries. Eliminating these problems and stimulating investment and growth by abolishing profits taxes would be very beneficial. The evidence in economics is very complex and it is difficult to demonstrate that an economic claim or principle holds. Theoretical arguments often must be brought to bear. As Keynes asserted, investment must depend on expectations that returns will exceed interest rates. Better profits provide more money to invest and encourage higher expectations of future returns. The evidence supports a strong correspondence between profits, private investment, and economic growth. Environmentalists argue that the goal of economic growth should be abandoned because burning fossil fuels presumably causes climate change and we are presumably running out of resources. But two chapters are devoted to refuting these claims. Evidence is marshalled to show that profits taxes cause resources to be shifted to inferior uses and cause greater industry concentration and reduced competition. When the effects of the policies supported are considered and not the rhetoric, the Democratic Party is the real party of Big Business. It ensures concentration of power in large corporations just as it promotes increased concentration of power in the Federal Government.
Author: Neal Boortz Publisher: Harper Collins ISBN: 0061742643 Category : Political Science Languages : en Pages : 226
Book Description
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.
Author: Ed Boxwood Publisher: Eebeecee. ISBN: 9780991200429 Category : Business & Economics Languages : en Pages : 240
Book Description
A Simple Smart Plan To Abolish Income Tax and Create Jobs For Everyone Offers a simple smart solution to the combined problems of an unstable economy and high unemployment that plagues the American Economy. It introduces a proposal to use taxation as an instrument for the stabilization of the economy rather than for generating revenue only. The instruments for this are abolishing the individual income tax, replacing the business tax by a simple flat tax on shared profit with a high tax-deduction for every employee, coupled to a similar measure for productive investments. The intended result would be an economy that hovers around maximal employment. This new philosophy about taxation closely mimics the existing situation but avoids its errors. The suggested solution is beneficial to businesses, the nation and all taxpayers.
Author: William W. Oliver
Author: William W. Oliver
Author: Sheldon Richman
Author: Nelson Hultberg
Author: Emil Oliver Jorgensen
Author: Steve Forbes
Author: Corinne Griffith
Author: Jeffrey Paul Cajka
Author: Loren Meierding
Author: Neal Boortz
Author: Ed Boxwood