An Economic View of the Fair Tax

AN ECONOMIC VIEW OF THE FAIR TAX





ABSTRACT

In the era of a pervasive debt crisis, economical gloom, and a high unemployment rate, the United States politics is searching for ways to increase its financial resources. By development a regressive model to analyze information from the congressional Bud give Office (CBO) and Bureau of Labor Statistics (BLS), this paper strive to test if an alternative, consumption-based tax system will prove to be more beneficial to the lower income-earners compared to the current tax system. In this study, the household size as defined by the BLS was utilize to identify the average pre-bate check for each household.

INTRODUCTION

The Role of the federal official Government

Collecting and securing financial resources is one of the federal governments most important tasks. To maintain its daily function that includes, preserving the republics sovereignty and its citizens, the United States government relies heavily on tax payers. In return, the federal government provides many operate that help sustain the ability of individuals to enjoy liberty and practise happiness. Its a form of symbiotic relationship that has been promote for decades.

The government plays a vital role in the U.S. prudence; a review of our history backs this idea. America.



gov suggests that government involvement in the economy increased significantly during the most serious economic downturn in U.S. history, the Great Depression (1929-1940) [3]. This article goes on to articulate the myriad laws and regulatory establishments that were carved out of the late Deal legislative bill, giving the government the ability to vex businesses. Agencies such as the Securities and Exchange Commission, the Federal Deposit policy Corporation, and the Social Security system, all deemed indispensable [1], were a ingathering of the need to restructure the social and economic system. It is now 2011; and the soil remains hopeful that the government can circumvent...If you want to get a full essay, order it on our website: Orderessay



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