Time to tame the targeted tax tinkering Essay Example | Topics and Well Written Essays - 1000 words

Time to tame the targeted taxationation tinkering - Essay ExampleBesides, he feels that the giving medication fails to account for the use of the high tax revenue in its social responsibilities. There are no significant social changes that would be expected from the high profit that the government acquires from the tax system. To this point, he argues that there is need to contain this problem by revising tax policy to ensure that the liability is trim down and that the government uses tax income in an effective manner. The argument of the creator is that the federal official tax system inevitably immediate attention if it has to achieve the intended changes within the society.Simpson (2014) finds a number of issues in the development of federal tax structure. Firstly, he criticizes federal tax structure that has little breaks designed to target different classes of people. The pay minister in the country is proud of a tax system that uses too much upper-case letter in colle ction of tax. He feels that it would be wise for the government to use the money used in tax collection to lower the income tax. Secondly, he raises concern on the governments reforms that have shifted tax from the consumer to income earners. While he recognizes that these changes have come as a result of the urge of the government to pass water better tax policies, he finds that such(prenominal) structures ignore the principles of a sound tax policy. In his view, such tax policies are discriminative and lack credibility due to their favoritism. Developing tax policies that target classes treats the analogous people differently, which is against the principles of a sound tax system (Simpson, 2014). Therefore, he feels that there is need to reform the tax policies to ensure that they are fair to all the members of the public and to ensure that equal income earners are treated in the same way.Next, the article presents another weakness in the federal tax system in the US. The author recognizes that a tax system is one of the mechanisms that the government uses to close the wealth gap in the