Sensible Tax Reform: Simple, Just and Effective - Hardcover

Korth, Christopher M.

Hardcover

ISBN 10: 1630470880 ISBN 13: 9781630470883

Publisher: Morgan James Publishing, 2014

Synopsis

Sensible Tax Reform―Simple, Just and Effective (STR) offers a truly revolutionary approach to tax reform. 

-Businesses will be untaxed. 

-Social Security and Medicare will receive much stronger financial backing.

-Most individuals will no longer pay any income taxes. 

-Estates will no longer be taxed. 

-A simple broad-based federal consumption tax will be introduced as the foundation of our tax system. 

-The consumption tax will apply to most expenditures by individuals but will provide critical buffers to ease the impact upon healthcare, housing, transportation, and higher education. 

-STR will replace the existing tax mess we all hate with a simple, just, and economically dynamic tax system that will reinvigorate American businesses, greatly increase the real income and purchasing power of most Americans, and stabilize the finances of the federal government.

About this title

About the Author

Christopher M. Korth is Professor of Finance and International Business at Western Michigan University. Prior to joining the faculty at WMU, he served on the faculty at Pennsylvania State University, University of Michigan, and University of South Carolina. He also worked for four years as the Chief International Economist at 1st National Bank of Chicago. He received his PhD from Indiana University.

Professor Korth has written several books, including International Business: Environment and Management (Prentice-Hall, Inc.) and International Countertrade (Greenwood Press). In addition, he is the author of many articles in both academic and professional management journals. He has also consulted with multinational corporations, major universities, and national governments.

Excerpt. © Reprinted by permission. All rights reserved.

Our current tax system here in the United States is more than a mess. No one really understands it―no one! Do you know how much you actually pay each year in taxes? Few of us, in fact, even know how many different types of taxes that we actually pay.

Fewer and fewer taxpayers can even prepare their own taxes without professional help. The Internal Revenue Service reports that almost two-thirds of all personal tax returns are prepared with the assistance of tax specialists. The tax system is an unbelievable mess for individuals, businesses, the entire economy, the government and even society.

Edition details

• Publisher: Morgan James Publishing
• Publication date: 2014
• Language: English
• ISBN 10: 1630470880
• ISBN 13: 9781630470883
• Binding: Hardcover
• Number of pages: 248