While most would agree that taxation should be fair, views as to
what constitutes a fair tax vary. Economists and political
philosophers since the days of Adam Smith have recognized two broad
concepts of fair taxation. One such principle is known as the
benefit principle, under which taxes should be levied in proportion
to the benefits received from the public sector. Under this
principle, it is the government's job to view taxes as the prices
that would prevail in an actual market for the government service.
The second principle is known as the ability to pay principle. This
principle focuses only on the tax side of the budget, and views
taxation as imposing an aggregate cost that must be apportioned in
a manner that taxes those with equal ability to pay equally, and
imposes greater burdens on those with greater ability to pay. This
book discusses the fairness and tax policies in the U.S., and
provides the 2011 distribution of household income and federal
taxes.
General
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!