It is too drastic a change with too many unknowns
Article Abstract:
Those who want tax reform should not minimize the change involved. Most of the proposals for reform would tax only wages, making them consumption and not income taxes. There are simpler ways to encourage savings than through a consumption tax. Consumption taxes are regressive because low-income individuals consume most of their earnings. As people age they use up more of their savings. An additional problem is how a consumption tax system would work in treaties which are based on income taxes.
Publication Name: ABA Journal
Subject: Law
ISSN: 0747-0088
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
Quarter-century of change; how confidently lawyers stride into the future depends on how clearly they understand the forces that got them to where they are now
Article Abstract:
The ABA Section of Litigation's has grown to become the largest ABA section, but its impact on the profession goes beyond its members, its contributions including the Civil Practice Trial Standards and the Guidelines for Conduct. The ABA Section of Litigation marked its 25th anniversary in 1998 and at its spring meeting convened a roundtable of people who had chaired the section throughout its history to examine how forces attacking the profession might shape the law's present and future.
Publication Name: ABA Journal
Subject: Law
ISSN: 0747-0088
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
It is well-tested and fairer than you think
Article Abstract:
The US flat tax is fairer than the European value-added tax as low-income individuals would be protected with the $26,000 exemption. High-income people with much unearned income would pay the tax when they buy luxury goods. The rich could not manipulate the tax system as they do now. The flat tax would encourage saving by taxing only consumption.
Publication Name: ABA Journal
Subject: Law
ISSN: 0747-0088
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Tribes v. states: zoning Indian reservations. Oil and water in the Indian country. The Blaze construction case: an analysis of the Blaze Construction tax cases and the implications on avoidance of taxation in Indian Country
- Abstracts: Are term limits undemocratic? The work product doctrine: functional considerations and the question of the insurer's claim file
- Abstracts: Companies that play hide and seek with child labor. Are drug companies addicted to higher prices? How drug companies operate on the body politic
- Abstracts: Clearing the path to an AIDS vaccine: an important contribution. Sociocultural correlates of HIV/AIDS-related stigma in rural Jamaica
- Abstracts: Consultation on disability regulations. New regulations on health and safety consultation. Consultation on "check-off."(deduction of trade union subscriptions from pay checks)