Reference no: EM133147737
Many billionaires go without paying any Federal taxes. Many middle and low income tax payers pay more than Warren Buffet, Jeff Bezos, and Elon Musk combined! Write a two page paper on this subject. You must cite 3 research sources. Answer these questions:
Is it fair? Why or why not.
If you think it fair explain why. The Congress writes the tax law, so there must be some logic to it. What is their rationale? Cite research!
If not fair how would you change the system? Be specific? The Congress writes the tax law, so there must be some logic to it as is. Why does this apparent inequity exist? Cite research!
Research Sources: Check out the FairTax Plan. The Fair Tax Act. Americans for Fair Taxes. Billionaire tax plans in the senate. Ultra Millionaire Tax........... tons out there. See if you can find the proposal, made by a Billionaire!, that asked Billionaires to voluntarily pay taxes to the IRS even if they are not legally required to.
What do you conclude? Don't ramble, be persuasive and evidence based in your arguments.
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: Many billionaires go without paying any Federal taxes. Many middle and low income tax payers pay more than Warren Buffet, Jeff Bezos, and Elon Musk combined! Wr
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