{"id":9199,"date":"2021-10-14T09:00:39","date_gmt":"2021-10-14T07:00:39","guid":{"rendered":"https:\/\/altax.al\/?post_type=product&#038;p=9199"},"modified":"2021-11-15T11:03:23","modified_gmt":"2021-11-15T10:03:23","slug":"toward-fundamental-tax-reform","status":"publish","type":"product","link":"https:\/\/altax.al\/en\/product\/toward-fundamental-tax-reform\/","title":{"rendered":"Toward fundamental tax reform"},"content":{"rendered":"<p>Taxes\u00a0applied\u00a0to a broad\u00a0base, with low and reasonably\u00a0uniform rates, keep\u00a0 distortions\u00a0low and facilitate administration and compliance. Beyond having\u00a0a\u00a0broad\u00a0base, though, achieving low tax rates typically means\u00a0 reducing\u00a0the\u00a0system\u2019s\u00a0progressivity.<\/p>\n<p>If the tax code had evolved over time to some platonic ideal\u2014a broad-based, simple tax with low rates determined by a consensus about\u00a0the appropriate trade off between equity and efficiency\u2014then talk of tax reform would be rare. Against this backdrop, it is productive to take stock\u00a0of the current state of the tax code. Even a cursory analysis reveals that it\u00a0is significantly flawed and, conceptually at least, ripe for reform.<\/p>\n<p>This brief review reveals why the issue of tax reform demands the attention\u00a0of so many of our top scholars. The potential gains from\u00a0reform\u00a0are,\u00a0in\u00a0theory,\u00a0 remarkable.\u00a0\u00a0But can such gains be accomplished in the real\u00a0world?\u00a0Or are\u00a0politically popular measures\u00a0such as the mortgage interest\u00a0deduction so far off-limits that discussion of such reform will forever be\u00a0a purely academic affair?<\/p>\n<p>These and other questions are addressed in the chapters that follow<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Damage from a tax can take many different forms. It is generally true\u00a0that a tax on a specific activity or product discourages the targeted activity\u00a0or use of the product.\u00a0If apples are\u00a0taxed more\u00a0heavily than oranges,\u00a0consumers\u00a0will demand more\u00a0oranges and fewer apples. If corporate\u00a0activity\u00a0is taxed more\u00a0 heavily in this country\u00a0than elsewhere,\u00a0activity may\u00a0migrate\u00a0away from,\u00a0or fail to be attracted to, the United States. If the return\u00a0on savings is taxed, individuals may decide to consume a higher\u00a0share\u00a0of their income, and this may reduce\u00a0investment and growth.<\/p>\n","protected":false},"featured_media":9200,"template":"","meta":{"inline_featured_image":false},"product_brand":[],"product_cat":[10379],"product_tag":[10349],"class_list":{"0":"post-9199","1":"product","2":"type-product","3":"status-publish","4":"has-post-thumbnail","6":"product_cat-altax-library-en","7":"product_tag-tax-reform","9":"first","10":"instock","11":"sale","12":"downloadable","13":"virtual","14":"purchasable","15":"product-type-simple"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Toward fundamental tax reform - ALTAX<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/altax.al\/en\/product\/toward-fundamental-tax-reform\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Toward fundamental tax reform - ALTAX\" \/>\n<meta property=\"og:description\" content=\"Damage from a tax can take many different forms. It is generally true\u00a0that a tax on a specific activity or product discourages the targeted activity\u00a0or use of the product.\u00a0If apples are\u00a0taxed more\u00a0heavily than oranges,\u00a0consumers\u00a0will demand more\u00a0oranges and fewer apples. If corporate\u00a0activity\u00a0is taxed more\u00a0 heavily in this country\u00a0than elsewhere,\u00a0activity may\u00a0migrate\u00a0away from,\u00a0or fail to be attracted to, the United States. 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