Tax Burden Distribution |
Higher taxes on higher incomes, lower on lower incomes |
Positive, promotes fairness and redistribution |
Higher taxes on higher incomes, lower on lower incomes |
Negative, penalizes success and discourages hard work |
2) Agree on impact, disagree on desirability |
Income Inequality |
Reduction in income inequality |
Positive, promotes economic equity |
Potential increase in income inequality |
Negative, discourages investment and economic growth |
1) Disagree on extent of expected impact |
Government Revenue |
Increase in overall tax revenue |
Positive, funds social programs and public services |
Potential decrease in overall tax revenue |
Negative, limits government's ability to function |
1) Disagree on extent of expected impact |
Economic Growth |
Potential slowdown in economic growth |
Acceptable trade-off for greater equity |
Significant slowdown in economic growth |
Negative, hinders overall prosperity |
1) Disagree on extent of expected impact |
Incentives for Investment and Entrepreneurship |
Potential decrease in incentives |
Acceptable trade-off for greater equity |
Significant decrease in incentives |
Negative, hinders economic dynamism |
1) Disagree on extent of expected impact |
Compliance and Complexity |
Potential increase in complexity |
Acceptable trade-off for greater fairness |
Significant increase in complexity |
Negative, increases compliance costs and burden |
1) Disagree on extent of expected impact |
Social Mobility |
Increase in social mobility |
Positive, promotes equal opportunities |
Decrease in social mobility |
Negative, limits individual achievement |
1) Disagree on extent of expected impact |
Public Services and Social Programs |
Increase in funding for public services and social programs |
Positive, promotes societal well-being |
Potential decrease in funding for public services and social programs |
Negative, hinders societal well-being |
1) Disagree on extent of expected impact |