Abstract
This paper discusses the income tax controversy that exists in the State of Florida. It explores the subject of Florida adopting a personal income tax and examines several economic implications regarding the social costs and benefits of Florida's legislative and fiscal policies. The paper discusses the options for Florida in terms of whether they should adopt a personal income tax. The paper contains tables.

Table of Contents:
Introduction
In Florida...
A Balanced Tax System
Income Tax Considerations
Perks Accompany the Lack of a Personal Income Tax
The Tax Revolt
Chronology of EIG Tax Elimination
Income Tax Proponents, Opponents and Components
No Other Answer...

From the Paper
"In response to the 2006 Florida Government Accountability Act, consistent with Florida TaxWatch, Florida state legislatures imposed substantive and procedural modifications to reportedly increase effectiveness, efficiency, and accountability among agencies, boards, and commissions. To produce good decisions for Florida taxpayers, this enhanced legislative understanding of agency needs and activities reportedly proved to be a valuable byproduct of the act. Florida Tax Watch warns that good intentions, such as those which led to the 1994 Ac passing, must be enhanced by the link of a sustained commitment of time, interest, and consequential actions on the part of legislators. ("Making Florida's Latest Government", 2006)"

Tags:taxpayer, sales, revenue, residents

Abstract
This paper investigates whether and how the federal income tax receipts change given the overall tax rate for individual income taxes. The paper also investigates whether the tax receipts exhibit a diminishing return as marginal tax rates increase. The paper concludes that there exists a meaningful relationship between the marginal income tax rate and the marginal income tax receipts.

Outline
Introduction
Model
Model Results
Initial Model
Alternative Model
Alternate Model End Notes
Initial and Alternative Model Results
Data Mining
Data Mining Results
Conclusion
Appendix A: Figures
Appendix B: Data Sources

From the Paper
"Now, disregarding all the statistical minutia that may or may not be relevant the author will make the following observations regarding the alternate model. This model is depicting the predictive power of the variance of the marginal individual income tax rates among all five income quintiles to the income tax receipts at the federal level. It is apparent from the model that nearly a quarter of the variation in the marginal tax receipts can be predicted through the marginal tax rate, ceteris paribus."

Tags:forecast, exponential, growth, serial-correlation, outcome, residual

Abstract
The paper argues that income tax on all domestic corporations - widely known as the corporation income tax - is an unnecessary burden and should be abolished. The paper discusses how proponents believe all areas of the domestic economy would benefit, and economists state that the elimination would provide an economic stimulus to the country by providing the incentive for increased production resulting in a long-term benefit to the economy. The paper explains that for this problem, the dependent variable is the dollar amount of the decrease in tax revenue not received by the U.S. Treasury, and is determined by independent variables that would include: (1) Higher tax revenue paid by individuals, and (2) revenue from other forms of taxation enacted by the U. S. Congress, needed to replace lost tax revenue from the elimination of the corporate income tax. The paper relates that the primary and most important independent variable is the anticipated higher income tax revenue paid by individuals and received by the U. S. Treasury.

Tags:statistic, project, paper

Abstract
This paper takes a look at the federal income tax system in the United States, including its historical background. The Internal Revenue Code and the Internal Revenue Service are also discussed. The author argues that although the U.S. income tax system is often referred to as infinitely complicated, it is based on several straightforward concepts. These concepts are presented and analyzed. The author also examines several other important regulations and guidelines that have been adopted to improve the assessment, accounting, and collection of income tax in the United States.

From the Paper
"Today, the assessment, levying, and collection of income tax on individuals, estates, trusts, corporations and several other entities is regulated by the Internal Revenue Code, enacted by Congress in Title 26 of the United States Code (26 U.S.C.) The institution responsible for overseeing and enforcing the legislation contained in this statute is the Internal Revenue Service. Originally created in 1862 as the Office of the Commissioner of Internal Revenue, this institution has undergone extensive changes in the decades since...."

Tags:Internal Revenue Code, Internal Revenue Service, taxation

Abstract
This paper employs the Haig-Simons definition of income and defines the arguments for and against including dependent children in an income tax system. It then assesses 1993 changes to the Canadian income tax system regarding dependent children.

Abstract
The paper discusses how the earned income tax credit (EITC) program could contribute more significantly to the American economy. The paper first explains that a large percentage of eligible filers forego an opportunity to claim the EITC because of misunderstandings and complexity issues, while others will only file claims through professional tax preparers who receive most of the credit earnings. The paper calls for greater outreach and simplification that will result in more Americans filing claims and realizing the potential of the EITC.

Outline:
The Economic Benefit
Impediments to Full Economic Benefit
Outreach: Benefits and Shortcomings

From the Paper
"Enacted in 1975, the federal earned income tax credit was the largest tax-relief effort ever directed at America's lower-income demographic. The EITC, which is targeted at individuals and families to help them offset rising living expenses, can wipe out a filer's tax liability, and often result in a refund -- even if the filer paid no taxes during the year ("It's easier than ever," No date). Throughout its 30 years of existence, the EITC has been credited with helping raise millions of Americans out of poverty, and has contributed hundreds of billions of dollars to the American economy. While the economic impact of the EITC has been mostly positive, there are still several impediments that are preventing its full value from being realized. Each year, millions of potential filers do not claim the EITC because they are under-educated on how it works or because the process is too complicated."

Tags:benefits, refund, anticipation, loans, outreach, simplification

Abstract
This paper examines the progressive income tax as a policy designed to redistribute income in Canada. It describes the mechanism or process, evaluates it and proposes alternatives or amendments to the current system.

Abstract
This paper describes in detail the advantages of the Florida income tax system. It outlines its history and presents a general point of view through a report excerpt.

Abstract
This paper looks at the low income tax credit and how many believe that the federal government should do more to help the working poor gain access to affordable housing. It defines and describes the low income housing tax credit in order to explore the advantages and disadvantages presented by such a system.The author discusses how the current plan is extremely convoluted, making it difficult for developers and tenants to comply with.

From the Paper
"According to a report entitled The Low Income Tax Credit published by the Internal Revenue Service the low-income housing tax credit was created by Congress to promote the construction and rehabilitation of existing rental housing for the working poor in various neighborhoods throughout the United States. Congress also believed that the credit would raise the quantity of rental housing for individuals whose income is at or below certain income levels. 1 The report also states that another purpose behind the advent of the tax credit incentive, was the realization that it may be difficult for a private developer to collect rental income that was adequate enough to, pay the expenses associated with the development and maintenance of the housing, or to generate a return on investment adequate enough to produce the capitol needed to fund real estate projects."

Tags:tax, poor, rental, tenants, local, homes, advantages, disadvantages, housing

Abstract
This paper examines the United States' federal income tax, its history and its implications. The author argues that reforms need to be made as the constant amendments, additions and modification to the law has made it so complicated that it is now costly to sustain it both from the view point of the taxpayers and the view of the establishment even though the tax is the most revenue earning source for the federal government.

Table of Contents:
Introduction
The Nature of Federal Income Tax
The Federal Income Tax, History & Implications
Issues in the Taxation process
The need for reform
Conclusion
References

From the Paper
"Federal taxation is the major factor of funding for the US government. In other words the existence of the Federal government is based on the generation power of its tax policies. The federal government relies on a number of tax instruments; the chief being income tax, the government also relies on excise tax, gift tax and so on. Business decisions are often made without considering the incidence of tax, which proves to be erroneous. Individuals are concerned with personal income tax while corporate ought to be concerned with the corporate income tax. Cost difference exists even between the different types of business entities like companies, partnership and proprietary concerns."

Tags:income tax, government