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Wednesday, August 28, 2019

Case study 2- A Taxing Issue Example | Topics and Well Written Essays - 250 words

2- A Taxing Issue - Case Study Example In fact, the government should promote incentives for those who increase their annual earning beyond a certain limit. I argue that for one to increase their annual earnings beyond a particular mark implies more job creations and more life to the economy. The government should also focus on cutting expenditure in sectors like defense to avail more funds for development. It is not fair to have different tax rates for different income groups. Discriminatory taxation based on one’s income group leads to reduced private investments. Most private investments consider profitability of their businesses. I therefore argue that increasing tax those with higher incomes will lessen the appetite for private investments. The government should only use a uniform taxation system. When running a small business, many financial factors shall influence in my hiring. The tax rate is arguably one of the main financial factors to consider when hiring (Kennedy 69). In addition, I shall consider funding and operational costs (Kennedy 207). In funding, equity versus debt considered where debt is loan and equity is the capital one

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