Acc 307 Week 7 Assignment 1 - Should the U.S. Convert to a Zero

ACC 307 Week 7 Assignment 1 - Should the U.S. Convert to a Zero

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ACC 307 Week 7 Assignment 1 - Should the U.S. Convert to a Zero Personal Income Tax? - Strayer University NEW 2015 Version Updated

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

Analyze the way in which the two (2) countries that you have researched provide services and benefits to its citizens without collecting personal income taxes.

For the countries that you have chosen, determine whether or not the U.S. could adopt their taxation model without reducing its total amount of revenue generated by collecting personal income taxes from individuals and business. Justify your response.

Suggest at least three (3) advantages and three (3) disadvantages of the U.S. adopting a zero income tax model. Provide a rationale for your response.

Create a proposal for where the revenue would be derived if the U.S. were to adopt a zero income tax model. In your response, provide specific recommendations concerning the following:

The proposed tax base.

Whether or not tax payers at certain income levels should be exempt from taxation.

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