Login Create Account
 
Power Your Document

The Fair Tax


# 97729
The Fair Tax
This paper discusses the positions of those for and against the introduction of the "Fair Tax."
1,433 words (approx. 5.7 pages) | 5 sources | MLA | 2007 United States


Paper Summary:

The paper relates that the "Fair Tax" means doing away with taxes such as Social Security and Payroll taxes and imposing a consumption tax on retail goods in order to increase peoples' opportunity to save and invest. The paper examines the perspective of those in support of and those opposed to this system. The paper discusses how opponents claim that paychecks would be smaller because businesses would have to cut wages in order to support such a drastic change in the tax system. The paper looks at the assertion that the burden on low and middle class individuals and families will increase.

From the Paper:

"The "Fair Tax" is the idea that doing away with taxes such as Social Security and Payroll taxes and imposing consumption tax on retail goods would increase peoples' opportunity to save and invest. The Fair Tax Plan was first presented by the group called the Americans for Fair Taxation, that imply that instituting such a tax would simplify the tax code. They also say that this type of taxing system would spark tremendous economic growth. According to Neal Boortz and Republican Congressman John Linder of Georgia, "individuals would be better of following a switch to a national sales tax in part because they would pocket 100% of their paycheck" (Linder & Boortz, 2006). Americans would pay federal taxes on purchased items."

Sample of Sources Used:

  • Regnier, Pat. 2005. (MONEY finds flaw in Fair Tax bestseller) http://money.cnn.com/2005/09/06/pf/taxes/fairtax/index.htm
  • Regnier, Pat. 2005. (Just how fair is the Fair Tax) http://money.cnn.com/2005/09/06/pf/taxes/consumptiontax_0510/index.htm
  • Mitchell, Ph.D., Daniel J. 2005. (Russia's Flat-Tax Miracle) Jhttp://www.heritage.org/press/commentary/ed032403.cfm?renderforprint=1
  • Flassbeck, Von Heiner. 2005. (Flache Steuer oder platte Ideologie) http://www.nechdenkseiten.de/cms/front_content
  • Boortz, Neal and Linder, John. 2005. (The Fair Tax Book) New York: ReganBooks.

Cite this paper

APA Citation:

The Fair Tax (2012, January 15). Retrieved February 12, 2012, from http://www.academon.com/Term-Paper-The-Fair-Tax/97729

MLA Citation:

"The Fair Tax" 15 January 2012. Web. 12 Feb. 2012. <http://www.academon.com/Term-Paper-The-Fair-Tax/97729>




ATTENTION:

Your browser does not have cookies enabled.

Our shopping cart will not function properly.
Downloadable version: $ 28.95
ADD TO CART »
You will be able to download, read and edit this file once you buy this document
Shopping Cart
Currency:
AcaDemon.com is that one place
Published by:

lovenlife29483 US
Publisher Since:
Aug 30, 2007
Seller Assistance
Share Our Success