Re: Payroll tax policy and Income inequality
Current situation
Recommendations
The United States economy is the largest economy in the world, making the country powerful and respectable. In such an economy, there should be policies that promote income equality among the people to reduce the poverty levels. The tax system of the United States will require a proper revision to incorporate equality among the different wage group categories. The recommended reforms look at ways of reducing income inequality through adjustments on the payroll tax policy.
Cuts on payroll tax and increasing the scope of the tax to encourage savings
Adjusting the payroll tax on low income employees will encourage a saving habit to the people of the US. It will ...