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Showing posts with the label tax reform

Why Advocate for the Simplification of the American Tax System?

Tax reform is a leading issue that will be hotly discussed in the next few years. America’s resurgence affords opportunities to make important adjustments to government functioning and spending that can improve opportunities for long-term growth. Now is not the time to fall into a trap of complacency only because the economic position of the U.S. is improving. Reforming the tax system helps both businesses and citizens understand their tax situations and create more trust with government.  Depending on what perspective a person comes from will determine whether or not they are an advocate of tax reform. Many times these differences are created based upon demographics. For example, a person making $40K a year will have a different perception than someone making $500K a year.   Simplification offers an opportunity to put them both on the same playing field.  Corporations and individuals will also have different perspectives. Corporations will desire to lower their liabilitie