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Taxes And Its Objectives
Beginning of essay
The main objective of tax policy is to encourage permanent economic growth. Many countries suffer from a combination of budget deficit crisis and domestic financial instability. Fiscal policy plays a key role in reducing in the size of the budget deficit. However, the way the deficit is reduced--t ....
Middle of essay
....-Shelby proposal, individuals, the income from wages, salaries, and pensions is taxed. Individual taxpayers add up income from these and then deduct generous personal exemptions. What is left after these deductions is taxed at 17 percent, after a two-year phase-in period. For businesses, taxes are paid on income from the sale of goods or services. The business first adds up all of its income and then subtracts what it paid out in wages and salaries, what it purchased in order to make its product.... |
| Number of words: 1700 |
Approximate pages: 7 |
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