What is comprehensive tax reform? Q.What is comprehensive tax reform? A.The term refers to broad, sweeping changes to the tax system. What qualifies as “comprehensive” is a judgment call. Read more about What is comprehensive tax reform?
What is the Fair Tax? Q.What is the Fair Tax? A.The Fair Tax Act of 2023 (HR 25) would replace the federal individual income tax, corporate income tax, payroll taxes, and the estate and gift tax with a national retail sales tax. Read more about What is the Fair Tax?
What are the major options for comprehensive tax reform? Q.What are the major options for comprehensive tax reform? A.In a nutshell, broaden the income base while lowering tax rates, tax consumption instead of income, or do a bit of both. Read more about What are the major options for comprehensive tax reform?