For the purposes of this question, assume we live under a global economy rather than national. Which income..

Question

tax structure do you think would offer the biggest benifit for the greatest number of people: progressive, flat, none, other? Why?

Answer 1

Tax systems reflect social values. Some people with money feel good about helping others and some do not want to share. It is related to personality and upbringing. An advantage to having many different systems in the world is that you can move to the one you like if you feel strongly about it.

Answer 2

We do live in a global economy. We live under a national legal system that operates within the scope of a nation but it does so under what is definately a global economy. I am guessing you mean a global economy under a global policy setting government,

I believe the best tax system is slightly progressive one. However, I believe that can best operate with a National economic system rather than under a Global one. At one time I was a firm believer in global economics. I have learned much since then and now believe in an Agrarian system.

Answer 3

I think a flat tax would be good. Say 25% flat for everyone. We do away with tax deductions. No credits or refunding. The state would get 10% and the Feds get the rest. This would save so much money at the Fed level - no refund no deductions - no IRS. It would help every one - just 25% of your check goes to the coffers. Also get rid of sales tax on food, household stuff - cleaners, TP, shampoo - the necessary stuff. but keep tax on cars and boats and other luxury items. For example: No tax on coffee but there would be tax on the coffee maker. Or no tax on fruit and veggies but tax the cookies and potato chips and fast food. This is a tax plan I would vote on.

Answer 4

Flat...because people who make more are not penalized greater and therefore tend to invest more in the economy as a whole, which leads to greater benefit then the bureaucratically controlled tax money. Also, if a progressive tax is to high, it causes less desire to achieve greater wealth and this leads to less economic expansion and development. This can often be seen in socialist countries. I do believe some tax is necessary for basic infrastructure and military needs, but less for glorified social programs.

Answer 5

It depends on what you are referring to by benefit for the greatest number of people. That sounds very socialist. I personally am sick of my tax dollars helping the lazy and the drug addicts, and the illegals.

That being said, a flat tax is the most fair, but the poor would never stand for it because they would actually have to pay taxes rather than get a "return" without even paying.

Answer 6

A progressive one. When you have the top 1or 2% of the population with more money than the bottome 50%, it makes sense that you tax them more. The bottom 50%, living on just a couple of dollars a day at best would be hurt most by any taxes as well as getting very little for their tax dollars.

Answer 7

A VAT or sales tax which is regressive and a progressive income tax so the net is flat or slightly progressive. Putting the whole tax burden on income discourages work and putting all on sales hurts the poor too much.

Answer 8

progressive the poor can not pay as high a percent as the rich they do not have enough for basics if they have to. rent is 40% utilities 15% food 25% and only 20% left for medical, dental, they cannot afford a car or insurance in the lowest bracket

Answer 9

That's a good question, but unfortunately economy wasn't my favorite so I'm sorry I can't answer.

Answer 10

Isn't it too late to get answers for your homework assignment? Your teacher should spank you.