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The Search For A Better Tax System
Start of Term Paper
In the words of Benjamin Franklin, "In this world nothing can be said to be certain, except death
and taxes" (Tyson 6). Today, every American citizen who earns money in the United States knows the truth in this statement. However, federal tax .... Middle of Term Paper
... amendment to the constitution which enacted this system, was first proposed by Teddy Roosevelt and was later pushed through by his successor William H. Taft, both of whom were Republicans (Tyson 8). (This must have been before the term "anti-tax-and-spend" was commonly associated with Republicans.) Today, personal income taxes account for about 85 percent of federal government revenue (Tyson 8).
In contrast, the states generate only about thirty percent of revenue from personal income taxes, relying instead on taxes generated mostly on sales transactions (Murray 2). In 1932 Mississippi introduced the first sales tax (Murray 1). Since t ... |
| Number of Words: 1330 |
Approximate Pages: 5 |
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