Communications Essay

3130 words - 13 pages

Developing an alternative economically feasible tax collecting system which is fair and balanced to both businesses and citizens of the United States. The United States currently uses a progressive tax system, which is dependent on two important factors: income, which is a key component of the progressive taxation, depending on income of an individual. The tax rate increases for higher income earners and decreases for lower income earners. The other major factor in the progressive taxation system is expenditures. Expenditures are various sales takes that impose or collect revenue. The concept of expenditures is the more you spend, the more taxes you will pay thus increasing ...view middle of the document...

In 1794 a rebellion erupted in Pennsylvania due to the whiskey tax where federal groups were sent by Washington to quall the rebellion, defending the power of congress to collect direct taxes. Benjamin Franklin was quoted as saying “in this world, nothing can be said to be certain, expect death and taxes.” The ability of the United States to collect taxes is paramount, during the civil war congress was pressed into action by passing the Revenue Act of 1861 which levied an income tax on income greater than $800 but the act was rescinded in 1872. This act was credited with what we considered the modern tax system today. The system entailed the creation of an internal revenue collection, the tax was progressive and some deductions were allowed. Because of the tax system that used tariffs and duties, it began to have an adverse affect on world trade and living standards of the poor, something needed to be done. In an effort to collect revenue using a different method, congress passed the 16th Amendment which removed a provisional clause for bidding the collection of direct taxes.
In the advent of World War 1 & 2, various revenue acts were created, ratcheting up tax rates and lowering deductions. The tax rates bloomed over the years to over 76% for high income earners. It was only in 1981 the Economic Recovery Act was passed, which basically turned the tide on taxation, lowering the tax bracket by 25% and the corporate rate to 35%. The 1990’s saw the advent of the negative tax which was a program whereby people who did not pay taxes would get funds through the tax systems in the form of a tax credit.
By the year 2001 during the Bush era, taxes were again scaled back which helped shorten the recession after the .com crash. The government still finds itself in revenue short falls as the Bush era tax cuts expired in 2010, the government is facing the retirement of the baby boomers, which will put additional strains on the already burdened social programs of social security, Medicare, etc. The social programs, again, will be further expanded by the enactment of the Affordable Health Care Act. The progressive tax system of the United States will need to be amended in order to pay down the current debt, which amounts to trillions. Some proposals floating around to change or amend the United States’ progressive taxation system, which such proposals as the 999 Tax Plan proposed by Herman Cain during the 2012 Election.
This tax system would eliminate the current system all together, replacing it with a 9% personal tax, a 9% corporate tax and a 9% national sales tax. This plan looks good on the surface but will require further analysis to evaluate its vitality. Another proposal is a flat tax. A flat tax is not new to the United States as it was used in the earlier years prior to the ratification of the 16th Amendment of 1913. The flat tax system applies the same tax to every tax payer regardless of the income level or bracket. A flat tax would be...

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