Pros and cons of taxes

Having everyone pay the same rate no matter how much they make stirs debate between those who are in support of it and those who are against it. While the US adopts a progressive tax system, there are other countries in the world who have imposed a flat tax rate system on both individuals and businesses.

Pros and cons of taxes

Is it a fundamental move in the fight against obesity or a toothless one-trick pony that will do little more than force fizzy drinks fans to fork out a little more for their sugary beverages?

The Pros Celebrity chef Jamie Oliver is supporting the tax as a means of reducing the amount of sugar being consumed in the UK. There are many people who believe that people will increasingly opt for cheaper and healthier options.

Supporters hope that the tax will make it easier for people to make healthy food and drink choices, and force manufacturers and retailers to react. It is believed, for example, that fast-food outlets should offer customers the chance to choose healthier and cheaper choices.

These moves, it is believed, could significantly lower the heart disease risk in the UK. Studies have said that as many as 3, people could avoid heart disease each year simply by reducing their sugar intake. Cons Food and beverage headhunters may find it almost impossible to choose between the likes of Jamie Oliver and fellow celebrity chef Heston Blumenthal, but the sugar tax means that choices must be made by the general public.

This is because Heston has slammed the tax supported by Jamie, largely because it focuses solely on beverages and not on all sugars.

For many people, the targeting of just the drinks industry is a major downside of the tax — one which has prompted soft-drink makers to threaten legal action against the government — but it is far from the only one. Opinion can play a part in choosing the right candidate for a job, just as it inevitably will when deciding which products are unhealthy or junk and which are not.

Simply introducing the tax as planned in will not automatically guarantee that obesity levels will decrease and the health of the population will improve, either.

Will there be enough resources to monitor effects and take action if results are not being seen? Similarly, many doubters question what will happen if it is found that fans of sugary drinks simply accept that they have to pay more for the privilege of enjoying their beverage choices, in a similar way to how smokers continue to indulge despite the levels of taxes applied.

The Pros and Cons of the Tax on Sugar

Conclusion The government seems to think that the sugar tax will be effective in reducing sugar consumption, in a similar way to the experiences of other countries, and it has pledged that the half a billion pounds predicted to be generated will be ploughed into schools, breakfast clubs and sports.

It is hard to disagree that action is needed to address the issues of obesity and declining health as a result of lifestyle choices, but surely a single tax focusing on such a narrow sector is far from enough.

This is especially true if it is not backed by education and incentives to persuade people that healthier food and drink are the right choices and not just the cheapest choices.Following implementation of President Trump's Tax Cuts and Jobs Act in , which lowered the federal corporate tax rate and included a one-time repatriation "tax holiday" of between 8% and %, American companies announced over $ billion of benefits .

The Tax Foundation is the nation’s leading independent tax policy research organization. Since , our principled research, insightful analysis, and engaged experts have informed smarter tax policy at the federal, state, and local levels.

The Tax Foundation is the nation’s leading independent tax policy research organization. Since , our principled research, insightful analysis, and engaged experts have informed smarter tax policy at the federal, state, and local levels.

A flat tax system is where ALL taxpayers – regardless of income – pay the same tax rate.

Pros and cons of taxes

Having everyone pay the same rate no matter how much they make stirs debate between those who are in support of it and those who are against it.

A flat tax system is where ALL taxpayers – regardless of income – pay the same tax rate.

Pros and cons of taxes

Having everyone pay the same rate no matter how much they make stirs debate between those who are in support of it and those who are against it. Maryland taxation attorney, Steve Thienel talks about the pros and cons of the new tax bill and how it may affect you and your family. Provisions of the Tax Cuts and Jobs Act That Will Lower Taxes.

1. Lower tax rates for individuals.

Pros & Cons of State Income Tax | Pocket Sense