Jump to ContentJump to Main Navigation
100 Million Unnecessary ReturnsA Simple, Fair, and Competitive Tax Plan for the United States$
Users without a subscription are not able to see the full content.

Michael J. Graetz

Print publication date: 2008

Print ISBN-13: 9780300122749

Published to Yale Scholarship Online: October 2013

DOI: 10.12987/yale/9780300122749.001.0001

Show Summary Details
Page of

PRINTED FROM YALE SCHOLARSHIP ONLINE (www.yale.universitypressscholarship.com). (c) Copyright Yale University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in YSO for personal use.date: 06 May 2021

Until the Second Child Speaks: First Principles of Responsible Reform

Until the Second Child Speaks: First Principles of Responsible Reform

Chapter:
(p.52) IV Until the Second Child Speaks: First Principles of Responsible Reform
Source:
100 Million Unnecessary Returns
Author(s):

Michael J. Graetz

Publisher:
Yale University Press
DOI:10.12987/yale/9780300122749.003.0004

This chapter presents a competitive tax proposal that takes as its first principles the traditional goals of tax reform. These goals include: producing adequate revenue; promoting economic growth; increasing the international competitiveness of U.S. products, workers, and businesses; minimizing interference with private decision-making; streamlining compliance and administration; and, finally, distributing the burden of taxation fairly in accordance with the people's ability to pay. The chapter argues that any serious tax system reform in the United States must retain, as one of its first principles, the progressive structure which has been used for nearly a century. It reveals that wealth is even more unevenly distributed than income, with the wealthiest 1 percent owning about one-third of all wealth in the United States. The bottom 50 percent holds just 2.25 percent of all the wealth.

Keywords:   tax reform, revenue, economic growth, decision-making, administration, taxation

Yale Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us.