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Book Synopsis
The President and leading members of Congress have stated that fundamental tax reform is a major policy objective for the 112th Congress. These policymakers have said that fundamental tax reform is needed in order to raise a large amount of additional revenue, which is necessary to reduce high forecast budget deficits and the sharply rising national debt. Congressional interest has been expressed in both a major overhaul of the U.S. tax system and the feasibility of levying a consumption tax. This book examines the federal tax structure, provides some statistics on the tax system as a whole, tax reform, and presents analysis of selected tax concepts.

Federal Taxation

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    A Hardback by Jaclyn N Prichard

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      Publisher: Nova Science Publishers Inc
      Publication Date: Publication Date: 28/10/2011
      ISBN13: 9781613241028, 978-1613241028
      ISBN10: 161324102X
      Also in:
      Economics

      Description

      Book Synopsis
      The President and leading members of Congress have stated that fundamental tax reform is a major policy objective for the 112th Congress. These policymakers have said that fundamental tax reform is needed in order to raise a large amount of additional revenue, which is necessary to reduce high forecast budget deficits and the sharply rising national debt. Congressional interest has been expressed in both a major overhaul of the U.S. tax system and the feasibility of levying a consumption tax. This book examines the federal tax structure, provides some statistics on the tax system as a whole, tax reform, and presents analysis of selected tax concepts.

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