Tax Reform

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Tax reform has undergone much debate in the political stratosphere recently. The tax system has been stigmatized because of a multitude of reasons that include corruption. Additionally, tax reform is a very complex issue. In addition, there has been an abundance of negotiations in Congress to pass some type of tax reform. Despite these talks, actual action has remained stagnant. This topic clearly reflects the collective action principle and the policy principle due to failed tax reform negotiations and the outcomes of various legislation.

Taxes in the United States include payroll taxes, property taxes, sales taxes, and a multitude of others. These taxes may be imposed on individuals, business entities, estates, trusts, or other forms of organizations. In general, there is a lot of inquiry on the current tax system. With endless loopholes, a regressed economy, and corruption there has been widespread anger on the current structure of taxation. Consequently, the wealthy have managed to become even richer despite the economic crisis. Furthermore, many taxpayers in the upper class have found loopholes to avoid substantial taxation or otherwise known as tax evasion. (Stewart 2013) Tax evasion has only grown over the years and with the national debt has become a major issue. What is more, is the intense complexity of the entire taxation process. Addressing all the issues and problems regarding the taxation structure is a meticulous and arduous process. With this in mind, politicians from both parties have tried to address individual issues within the taxation paradigm. Being that the United States has the highest corporate tax in the globe, politicians have tried to change policy regarding taxation on businesses. (Sullivan 2013) How...

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... Rein In Nonprofits’ Political Role. New York Times. Retrieved November 26, 2013, from http://www.nytimes.com/2013/11/27/us/politics/new-campaign-rules-proposed-for-tax-exempt-nonprofits.html?ref=taxation

Stewart, J. (n.d.). High Income, Low Taxes and Never a Bad Year. New York Times. Retrieved November 1, 2013, from http://www.nytimes.com/2013/11/02/business/high-earnings-low-taxes-and-never-a-bad-year.html?adxnnl=1&adxnnlx=1385863264-ZBd3pTWy+lg3uYPuT29gvw&_r=0

Sullivan, M. (2013, September 18). U.S. Tax Exceptionalism. Forbes. Retrieved December 3, 2013, from http://www.forbes.com/sites/taxanalysts/2013/09/18/u-s-tax-exceptionalism/

Weisman, J. (n.d.). Senator Offers Overhaul of Corporate Tax Code. New York Times. Retrieved November 19, 2013, from http://www.nytimes.com/2013/11/20/business/senator-baucus-offers-bill-to-overhaul-corporate-tax-code.html?_r=0

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