Taxation and Tax Policy Issues

Taxation and Tax Policy Issues
ISBN-10
1600211364
ISBN-13
9781600211362
Category
Business & Economics
Pages
264
Language
English
Published
2007
Publisher
Nova Publishers
Author
Brian L. Yoshov

Description

In 2005, Americans paid about $2.1 trillion in combined federal taxes, including income, payroll, and excise taxes, or about 16.8 percent of the Gross Domestic Product (GDP). These taxes fund the services provided by government. As taxpayers, we balance the costs of taxes with the benefits of government. The goal of tax policy is to design a tax system that produces the desired amount of revenue and balances the minimisation of compliance and efficiency costs with other objectives, such as equity, transparency, and administrability. This book examines the detail which is where vested interests do their damage.

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