Taxes

Taxes Many economist wonder should we change the current type of tax that we have which is a graduated progressive income tax. When they wonder this a big question of morality is what does fairness mean to us. Should we replace it with a proportional, national sales, or a value added tax? There are three criteria’s to measure the types of taxes: equity, simplicity, efficiency, and controversies. We have right now is a graduated …

…with democratic principals. This is the most regressive tax of all the tax types. There can never be true fairness towards the ratio of taxes. You can only come so close to being fair. No matter what, one income group will hurt and the other will prosper. The tax that most comes close to helping regulate the burden is the national sales tax. This is as close to fairness as we will ever come to.