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Taxes And Its Objectives
Part 1 of Paper
....rom 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 growth. Since some aspects of government expenditure are more producti.... Part 2 of Paper
....n scarce administrative resources and demands on taxpayers' compliance.
The Armey-Shelby flat tax is a proposal that would replace the corporation and personal income. The Armey-Shelby flat tax proposal 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 ta.... |
| Number of words: 1700 - Approximate pages: 7 |
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