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Essay

New Tax Laws

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Issue:

Business

 

Written by:

Allen M

 

Date added:

July 12, 2016

 

Level:

 

Grade:

A

 

No of pages / words:

1 / 265

 

Was viewed:

4446 times

 

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Essay content:

The liberals and conservatives disagree on the appropriate GDP. There is also no agreement between the two sides on how or what to tax. Moreover, the lower rates and base broadening agreements of 1986 have vanished. The overall consensus that ordinary and capital gains rates are at a maximum level makes significant changes seem less likely...
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The current tax which includes gasoline and diesel could be expanded to include other harmful emissions and be conceived as an environmental tax. The restructured tax would result in an additional $12-15 billion in tax revenue annually. This money could be used to decrease personal and corporate income taxes or to invest in a cap and trade system for carbon emissions...
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