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Taxes And Its Objectives
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The main objective of tax policy is to encourage permanent economic growth. Many countries suffer from a combination of budget deficit crisis and domestic financial instability. Fiscal policy plays a key role in reducing in the size of the budget deficit. However, the way the deficit is reduced--the quality of fiscal adjustment--can also affect g ....
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....sal follows each of the principles of a flat tax. A flat tax eliminates all loopholes and tax breaks. It ends the taxation of investment income and puts everyone on the same level. Under the Armey-Shelby proposal, individuals, the income from wages, salaries, and pensions is taxed. Individual taxpayers add up income from these and then deduct g.... |
| Word count: 1700 |
Page count: 7 |
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