Summary: Flat Tax Revolution E-Book

BusinessNews Publishing

• Herausgeber: Political Book Summaries
• Kategorie: Fachliteratur
• Sprache: Englisch

Seitenzahl: 17

Veröffentlichungsjahr: 2017

Beschreibung

The must-read summary of Steve Forbes's book: “Flax Tax Revolution: Using a Postcard to Abolish the IRS”.

This complete summary of "Flat Tax Revolution" by Steve Forbes, editor-in-chief of the renowned Forbes magazine, presents the author's argument that it is time to abolish the IRS and summarises the benefits of implementing a flat tax. 

Added-value of this summary:
• Save time
• Understand how a flat tax rate would benefit the American economy
• Expand your knowledge of politics and economics

To learn more, read "Flat Tax Revolution" and discover how implementing a flat tax rate has revolutionised countries across the world.

Leseprobe

Book Presentation: Flat Tax Revolution by Steve Forbes

Book Abstract

America prides itself on being forward thinking, but Steve Forbes believes it has missed the boat on simplifying our tax system. The early years of American history show that it used to be easy to file and pay taxes as people knew how much they owed and they paid it. However, over the decades, our government has incessantly made the federal tax code more and more complicated. It is now a 9-million-word document that even tax professionals find daunting.

Every April 15th, Americans reach into their pockets to pay 50 percent or more to the federal, state and local governments. Some say there’s no other way, but Forbes believes there is and other countries have already caught on to the benefits of a flat tax system. In Flat Tax Revolution, Forbes explains why it’s time to abolish the IRS and institute a flat tax and how it would benefit businesses, individuals and the government.

About the Author

President and CEO of Forbes and editor in chief of Forbes magazine, Steve Forbes campaigned in 1996 and 2000 for the Republican presidential nomination. At the heart of his campaigns, he fought for a flat tax, a new Social Security system, school choice, term limits and a strong national defense. He still strives to promote this agenda from his home in New Jersey.

Summary of Flat Tax Revolution (Steve Forbes)

The Problems with Our Present Tax System

Too-High Taxes

Americans pay way too much in taxes - this isn’t news. But, people are not aware of how much they’re paying on top of federal income tax. Everything you buy is taxed - gasoline, the electricity you use, any food or items you purchase - and not every tax you pay shows up on a receipt line. When you buy a new item of clothing, you’re paying countless “disguised taxes.” Some examples include “the taxes that companies pay on their profits, along with workers’ social security taxes, property taxes, utility taxes, corporate excise taxes, and more.”