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Essay / Research Paper Abstract
A 3 page paper discussing five criteria used in evaluating tax structures. They are yield, administrative ease or efficiency, economic efficiency, political acceptability and equity. Bibliography lists 3 sources.
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3 pages (~225 words per page)
File: CC6_KSacctBudPub2.rtf
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the philosophy of Jean-Baptiste Colbert, Louis XIVs finance minister before the French Revolution. Colbert is credited with saying, "The art of taxation consists in so plucking the goose as
to obtain the largest amount of feathers with the least possible amount of hissing" (Mikesell, 2007; p. 298). Not much has changed in
that regard some four centuries later. The terminology has changed, however, and the purpose here is to examine five criteria used in evaluating tax structures. They are yield,
administrative ease or efficiency, economic efficiency, political acceptability and equity. Yield Because the cost of services is not static, it is desirable that
the sources of the revenues used to pay for them not be static either. Inflation, increasing population and added services are only three reasons for increased costs of services.
The tax structures assigned to pay for specific services must be those that will increase in revenue at largely the same rate of cost increase among services (Best Practices
in Public Budgeting, 2000). An example is a local sales tax. Though its rate remains static, the level of revenue it produces increases as sales in the local
area increase. Administrative Ease or Efficiency "Revenue sources vary in the amount of skill, integrity and determination required in their administration. They
also vary in the amount of time and money involved in collecting them compared with the yield" (Simanjuntak, 2002; p. 4). Simanjuntak (2002) notes that where verification of income
is difficult - such as among the self-employed or within the "informal" economy - the administrative costs of assessing and collecting tax and tax revenues are high, "although the average
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