Write a two to five page paper over the following tax reform proposals that have been discussed over the last few decades. Explain and give YOUR ideas on the pros and cons of each one and how they differ from our current federal income tax.
– Value Added Tax (VAT)
– National Sales Tax
– Flat Tax
Below are links to a couple of articles that will get you started. Warning: do not regurgitate what is in these articles word for word. I want you to think about each of these and offer YOUR thoughts. There is a ton of information on tax reform so google or go to the library to find other sources.
http://www.kiplinger.com/slideshow/taxes/T054-S001-7-innovative-tax-reform-proposals/index.html (Links to an external site.)Links to an external site.
http://www.aicpa.org/Advocacy/Tax/DownloadableDocuments/Tax%20Reform%20Alternatives%202009.pdf (Links to an external site.)Links to an external site.
https://waysandmeans.house.gov/31reasons/ (Links to an external site.)Links to an external site.