Tax Reform for Fairness, Simplicity, and Economic Growth: The Treasury Department Report to the President. Volume 1. Overview

摘要

Proposals prepared at the request of President Reagen to lower marginal tax rates for individuals and corporations and make the tax system simpler, more fair, and economically efficient. The study focused on four choices: a pure flat tax, a modified flat tax, a tax on consumption income, a value-added tax, and retail sales taxes. The objectives of the study included lower marginal tax rates, reduce interference of the tax system with private economic decision, simplicity, fairness for families, equal treatment of all sources and uses of income, unchanged distribution of tax burdens across income classes, and encouragement of economic growth.