Taxes and the federal tax system have always been a heavily debated topic. Politicians always claim tax reform and never perform, or they claim tax cuts and raise them. The government has three major sources of revenue. Almost half government revenue comes from federal income tax and then about a third comes from payroll tax and then about a tenth comes from corporate taxes.; the rest comes from excise and other miscellaneous taxes. For 2015, 47% of government revenue is expected from federal income tax (1.48 trillion) a...
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...mulate economy growth, a 15% trade tax on all imports should be implemented along with a 30% tax on imports from American companies that manufactured goods overseas, essentially a tax for outsourcing American jobs. This will help prevent American jobs from going overseas and produce more government revenue.
To sum it up, the American tax system can be more effectively implemented. It unfairly taxes different classes too much or too little. Also, it can be fairer and more reasonable to all taxpayers of different incomes. It also taxes corporations too much. The tax system also can take advantage of other avenues of taxes by reducing them to increase consumer income, and increase other to maximize government revenue. In the end, the system can be refined, so that it maximizes taxpayer income to promote economic growth yet at the same time maximize government revenue.
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