What if the Taxation System in America Were Simplified?



Learn Politics on mps-politics.com. What if the Taxation System in America Were Simplified? article will help answer your questions on Politics.We at mps-politics.com specialize in Politics. Politics at mps-politics.com provides the most up to date news and articles. If you have questions please do not hesitate to contact us.

What if the tax system were simplified for the taxpayer’s in America? Would there be less jobs for the accountants? Certainly not, as there are so many rules, so much disclosure and so many regulations for transparency that the accountants would indeed continue to be gainfully employed. Sarbanes Oxley Act will indeed, provide years of over time for accountants and financial consultants for decades and decades.

If we simplify the tax code the government will stand to gain much and it also means more people paying into the system and potentially lower taxes. With more people paying in; if the government does not increase its expenditures, then that will mean less taxes for each individual. How about Steve Forbes and his concept of a flat income tax is that a worthy idea? Indeed, it could be, what is most important, as it would need to come with a Constitutional Amendment that the percentage would never go up, but could come down.

Would a simplified tax system help the small businesses of America? You bet it would. Currently a small business files their taxes the schedules and attachments can end up as much as 50 pages and that is a lot of very unnecessary cost in preparation. These costs are passed onto all their customers in higher prices on goods and services. This means that they may not be able to compete with the price discounts of larger companies and put them at a severe disadvantage. Think about this.



Learning Spanish Like Crazy. - Learn Real Latin American Spanish Fast and Easy. Instant Download Just $97. CB Affiliates earn 75%
ForexEnterprise.com: Earn $1,000 Per Day. - The Multiple Streams of Income System - Start Making Money In Just 15 Minutes. Updated & Converting like Crazy!

Former Illinois Gov. Rod Blagojevich was spared conviction on a charge of conspiring to sell President Obama's vacated Senate seat.  Thanks to a lone female juror.  The woman kept the jury deadlocked 11 to 1 on three counts related to the former Obama seat: conspiracy to commit bribery, attempted extortion and conspiracy to commit extortion.

Blagojevich was found guilty of making false statements to the FBI, but the jury was unable to come to agreement on the 23 counts of conspiracy, bribery, racketeering and mail fraud. Federal prosecutors aren't giving up though.  They're pushing for another trial as early as this fall. Blagojevich's defense team is going to appeal the conviction on the count of lying to the FBI - which carries a maximum prison term of five years.

Good day for the Gov originally appeared on About.com US Politics on Wednesday, August 18th, 2010 at 08:40:59.

Permalink | Comment | Email this



Article Index: | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60


More Articles:


1. Polarize This!
Surely the theme for the recent U.S. elections was polarization versus unity. According to Scripture, “A double minded man is unstable in all his ways”. A nation of double minded people is unstable in all its ways. A nation where street crime is punished and high crime rewarded. Where corporate drug pushers sell stock, kill millions of people annually (no one knows the actual numbers because drug poisoning appears as natural causes on a coroner’s report, due to the time span.) and street drug pu…

2. Dealing With UK Water Rates Debts: What You Need To Know By Michael Sherriff
UK Water RatesYOU CANNOT BE DISCONNECTED FOR WATER RATES DEBTSWater companies can no longer disconnect your water supply if you are in arrears. The rules changed on 30th June 1999. They also cannot install anything in your home that restricts the flow of water from the taps. If the water company threatens to disconnect you for being in arrears, complain to OFWAT, the body that regulates the water companies.You can complain to OFWAT through your regional Watervoice customer service committee. S…

3. Lack of Peace, Reaching Critical Mass By Roy Klienwachter
You have in front of you two buttons, one is green the other is black. The green button represents peace and love, the black button represents war and hate and you were put in charge of choosing what the rest of humanity will experience on earth. Which one will you choose and why?New Age authors write that the thoughts of only a few can change the circumstances of the world.Over twenty five years ago I was taught Transcendental Meditation and during that course we learned that critical mass (t…
South African Airways
4. A Clear Direction After Election Day
Like everyone else, I was confused by the vast contradictions of the exit polls and the actual results of this election. If I were the news stations, I would want my money back. For all the excitement, waiting and tension, somehow I fell asleep at 10:30. When I woke up at midnight, I was like 'Oh hell, here we go.' Then, this morning I felt a little better about it. I don't think this will drag out for another couple of months. My sympathies to those who worked so hard for Kerry. They really did…