Identify and explain three criteria for an effective tax system.
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First, the tax code as it stands is too complex. Even people who are very intelligent have problems filing their taxes. So, one of the best steps for the government to make is to simplify.
Second, a clear progressive tax code is important. All people should pay taxes, but the wealthier should shoulder more of the burden. However, the limit should not be the limit set by president Obama. Perhaps those over 1 million should be taxed more.
Third, tax loopholes for corporations should be closed up. Too many corporations benefit from the U.S., but pay little in taxes.
Finally, the government should watch the super wealthy in America more closely - Swiss bank account, offshore account, and the like.
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