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Essay / Research Paper Abstract
This 5-page paper suggests a proposed tax to help education, and determines how, when and where the tax will be levied. Also under discussion in this paper is how the tax compares to Adam Smith's Cannon of Taxation, and to progressive taxation. Bibliography lists 3 sources.
Page Count:
5 pages (~225 words per page)
File: D0_MTsmitax.rtf
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Unformatted sample text from the term paper:
to state who would be liable to pay the tax and under what circumstances. The student has also been asked to compare this proposed tax with Adam Smiths Cannons of
Taxation. First of all, we need to make it clear that any tax proposed or taxed needs to be a tax that
wont cause public revolt. Some years ago, voters in the state of California backed Proposition 13, which demanded a cap on the huge property taxes issued by the state. The
problem here is that it has also created revenue shortfalls for the state. Still, the taxpayer revolt against the property taxes shows what an unpopular tax can create. Needless to
say, taxes generally arent popular, but if there are definite results for taxation, voters are less likely to be difficult about them.
Though the student has been asked to compare the proposed tax to Adam Smiths views on taxation, the better road to take might be to define Smiths ideas on
taxes, then propose an outline of a tax that might fit these parameters. Smiths beliefs on taxation are fairly simple and straightforward. First, his belief was that citizens need to
contribute toward support of the government "in proportion to their respective abilities" (Weiner, 2002). In other words, citizens should pay taxes, according to the income they earn, thanks to the
states protection (Weiner, 2002). Second, the tax paid should be clear to the contributor in terms of the time of payment, the manner of payment and how much should be
paid (Weiner, 2002). Third, the tax should be levied at the time when it is most convenient for the contributor (Weiner, 2002). In the above Proposition 13 scenario, for example,
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