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Title: New Tax Laws

Essay Details

Subject: Business
Author: Harry P
Date: June 17, 2014
Level: University
Grade: A
Length: 1 / 265
No of views: 0
Essay rating: good 0, average 0, bad 0 (total score: 0)

Essay text:

The liberals and conservatives disagree on the appropriate GDP. There is also no agreement between the two sides on how or what to tax. Moreover, the lower rates and base broadening agreements of 1986 have vanished. The overall consensus that ordinary and capital gains rates are at a maximum level makes significant changes seem less likely...

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The current tax which includes gasoline and diesel could be expanded to include other harmful emissions and be conceived as an environmental tax. The restructured tax would result in an additional $12-15 billion in tax revenue annually. This money could be used to decrease personal and corporate income taxes or to invest in a cap and trade system for carbon emissions...

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