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four standards for a good taxes

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The four standards for a good tax (1. Sufficient to raise necessary government revenues, 2. Convenient to administer and to pay, 3. Efficient in economic terms 4. Fair to taxpayers required to pay)overall, do you believe each standard is being fairly applied in the U.S.? Why or why not?

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Solution Summary

The solution discusses if the current taxation system meets the four standards for a good taxes

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I think we can safely say that the tax system fails on all 4 counts.

With record deficits, it is obvious that we fail standard #1.

With so many loop holes and a very complex tax code, coupled with a huge bureaucracy to administer it (IRS and 100,000 ...

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