Custom Academic Paper: Taxation in the US
Taxation in the US
Reformist, law-makers and analyst in the U.S have been pushing for a fair tax system for their citizens. Indeed, fairness taxation is a critical aspect of any economy in the world. The majority of developed countries’ policy makers and analyst argue that payment of taxes is a prime contributor to the economic welfare of their countries.
Historically in the U.S, states and local governments seeking to finance public services rely on personal income tax, property tax, and consumption taxes. Nonetheless, tax systems are expected exercise fairness across the board from the poor to the wealthy. Tax systems in the states and local government all over the U.S is ideally considered being regressive. On the other hand, analysts are interested to know whether the state and local government taxes mostly regressive, progressive or neutral.
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