Homework Help

Identify and explain three criteria for an effective tax system. 

user profile pic

kristenmarieb... | Student, Grade 10 | Valedictorian

Posted June 18, 2013 at 3:37 AM via web

dislike 1 like

Identify and explain three criteria for an effective tax system. 

1 Answer | Add Yours

user profile pic

readerofbooks | College Teacher | (Level 2) Educator Emeritus

Posted June 18, 2013 at 3:50 AM (Answer #1)

dislike 0 like

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. 

Join to answer this question

Join a community of thousands of dedicated teachers and students.

Join eNotes