Question: Consider other proposals to replace the federal income tax structure
Consider other proposals to replace the federal income tax structure with a flat rate tax structure or to replace the income tax with a national sales tax. How would these actions affect income distribution? Do you agree with these proposals? Why or why not?
Relevant QuestionsDo you think our nation’s output should be distributed according to income or according to some other standard (such as basic human need)? Keeping in mind that environmental regulation is a luxury good; would you expect American attitudes to be the same as attitudes of poor citizens of developing countries? Explain cost-benefit analysis. Would the results of cost-benefit analysis ever be different in the short run than in the long run? Why or why not? How do you feel about the elimination of the estate tax on extremely high values of inheritance? Why did the Bush administration refer to this tax as a “death tax”? What do you think of the normalizing of relations between the United States, as announced by President Obama in late 2014? Do you think they will be effective in improving living conditions for people in Cuba? Do you think ...
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