Replacing the income tax with a national sales tax Research Paper

Replacing the income tax with a national sales tax - Research Paper Example As might be expected, one of the reasons for why a value added tax/sales tax/†fair tax† has not caught on within the United States is due to the fact that a preponderance of negative trade-offs exist with regards to implementing this. As a function of seeking to understand this issue to a more full and complete degree, the following analysis will present the reader with an understanding of the way in which a federal sales tax represents both positive and negative externalities and could ultimately harm many at risk individuals within the current society. Through such a level of argumentation, this particular researcher will seek to expound upon the complexities of a federal sales tax and the manner through which the trade-offs for this particular approach compare to the current income tax structure that currently exists. Although the analysis will most certainly go into a greater level of death concerning each of the pros and cons of a potential federal sales tax, figure 1.0 below helps to sustain sleep illustrate some of the key points that will be under discussion within this brief analysis. Figure 1.0 Trade-offs of a nation-wide federal sales tax structure       Pros levels the playing field between all tax payers    aids investments       benefits businesses       stimulates saving       eliminates IRS and the headache of "filing taxes"       Cons       disproportionate impact upon the elderly    disproportionate impact upon the poor       lack of deductions for expenses       depends too much on spending       increases potential for tax evasion    As can be seen, the main benefits that a federally mandated sales tax could incur would most certainly be with regards to leveling the playing field between all taxpayers within the system. The current system is one that places an undue level of stress upon certain individuals within society while others do not have any tax burden whatsoever (Jones 6). As suc h, a federally mandated sales tax would be a system that would invariably change this dynamic and ensure that each individual who participate in the economy would be a same rate. Another added benefit is with regards to the fact that a nationally mandated sales tax would in fact serve to increase investment. Due to the fact that investments themselves and savings would not be taxed, individuals would come to the realization that a heavy national sales tax burden would encourage them to save their money rather than spend it. By much the same token, a direct level of benefit would be with regards to businesses as they would no longer have the headache of engaging with the Internal Revenue Service and providing certain levels of withholdings (Ling & Petrova 371). Furthermore, it can also be understood that eliminating a federal income tax would also have the added benefit of doing away with an incredibly costly and inefficient Internal Revenue Service; a branch of the government that i s recently come under a great deal of scrutiny recently for its unjust, unethical, and illogical political torment of those that have alternative views to the current administration. However, it must not be understood that simply eliminating the income tax is going to be a solution that invariably benefits each and every participant within the economy. For instance, the first and most salient concern is with regards t

Arts, Media, Philosophy Research Proposal Example | Topics and Well Written Essays - 250 words

Arts, Media, Philosophy - Research Proposal Example In order to answer the question, â€Å"are Americans more or less literate than they used to be? The answer to this is yes they are (Brandt, 2001). This is because of the advanced levels in technology that have enabled the literacy levels to spike. Change has caused the rising trend of more Americans becoming literate in all field, and in particular the field of technology. Change is inevitable, and Americans came to learn that sooner or later adaptation to the changes that traverse the universe with both positive and negative results (Brandt, 2001) is inevitable. In line with the positive thoughts, it has helped boost security, taken education to a whole new level; production in the agriculture sector has improved and has led to improved living and comfortable lifestyle. The downside of this high literacy levels is the mass production of weapons aimed at destroying other states or countries that are deemed a threat. As it was said before in this essay, change is inevitable; but a positive outcome is better and not a negative one (Brandt,