How does the U.S. Tax Model Compare?

How does the U.S. Tax Model Compare? In 2017, Motley Fool reported that the U.S. Government spends about $2.7 trillion for various kinds of social insurance. These include Social Security, Medicaid and Medicare, unemployment compensation, veterans’ benefits, and the like). Please click here to view their report.

How does the U.S. Tax Model Compare?

In addition, another $604 billion, or 15.3% of total spending, went for national defense; net interest payments on government debt were about $240 billion, or 6.1%. Education aid and related social services were about $114 billion, or less than 3% of all federal spending. Despite the services and benefits that the government provides, many taxpayers dread paying income taxes while considering them a necessary evil. Consequently, there is much debate about the inequities contained within the tax code. This is due to tax shelters and tax credits provided to some taxpayers (which thereby increase the tax burden on others).

Types of Taxes – Income, Property, Goods, Services, Federal, State

Using the Internet or Strayer University Online Library (which can be accessed at https://research.strayer.edu), identify and research one country and compare that country’s tax model (or lack thereof) to the tax model of the United States.

Instructions

Write a four to five (4-5) page paper in which you:

Analyze the way in which the country you have researched provides services and benefits to its citizens, either through the collection of taxes or otherwise. For the country that you have chosen, determine whether the U.S. could adopt their taxation model without reducing its total amount of revenue (as currently generated by collecting income taxes from individuals and businesses).

Guilty, Not GILTI: Unclear Whether Corps Continue to Lower Their Tax Bills  Via Tax Haven Abuse – ITEP

Justify your response. Suggest at least two (2) advantages and two (2) disadvantages of the U.S. adopting the system that the other country uses. Provide a rationale for your responses. Speculate on the primary way in which the Federal Government could make up any shortfalls if it does not collect its targeted revenue from the collection of taxes. Use at least three (3) quality academic resources in this assignment. Note: Wikipedia and similar websites do not quality as academic resources. Your assignment must follow these formatting requirements:

This course requires use of Strayer Writing Standards (SWS). The format is different than other Strayer University courses. Please take a moment to review the SWS documentation for details. In addition, include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the source list are not included in the required assignment page length. The specific course learning outcomes associated with this assignment are:

The Parliament of Cyprus voted to amend the Law on Assessment and  Collection of Taxes - C. Hadjivangeli & Partners LLC

Conclusion

Review tax authorities and sources of tax law. Assess the concepts of gross income and strategies to minimize gross income. Examine deductions from income, limitations on those deductions, and strategies for maximizing deductions. It is critical to note that grading for this assignment will be based on answer quality, logic/organization of the paper, and language and writing skills, using the following rubric.

Save time and excel in your essays and homework. Hire an essay writer for the best price for the top-notch grade you deserve.
275 words per page

You essay will be 275 words per page. Tell your writer how many words you need, or the pages.

12 pt Times New Roman

Unless otherwise stated, we use 12pt Arial/Times New Roman as the font for your paper.

Double line spacing

Your essay will have double spaced text. View our sample essays.

Any citation style

APA, MLA, Chicago/Turabian, Harvard, our writers are experts at formatting.

We Accept
Image 3