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Fundamental reform proposals

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From TaxVox

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From the Briefing Book

What are the major options for comprehensive tax reform?

December 23, 2015 by tpcwebsite

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.

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What is return-free filing and how would it work?

December 23, 2015 by tpcwebsite

Q.

What is return-free filing and how would it work?

A.

If an income tax system were simple enough, the government could withhold taxes owed and do its own accounting at the end of the year without much help from taxpayers.

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What is the X-tax?

December 23, 2015 by tpcwebsite

Q.

What is the X-tax?

A.

The X-tax is a variant of the flat tax developed by economist David Bradford. It is mechanically identical to the flat tax, except that it incorporates graduated tax rates on household wage income to improve progressivity.

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