What Is the Most Important Tax Policy Challenge?What is the most important tax policy challenge, link the video to tax. What challenge? Purpose? Frame it as one of the most important of your perspective. Make use by the arguments u used for it.PART AIncome inequality is a serious rising problem in many countries. The tax policy challenge lies in what level of progressive tax system is going to fix this issue? It depends on the factors that drive inequality and the costs of taxation. Richard Wilkinson states the correlations between healthy communities with lower income disparities. The challenge ties into implementing efficient tax-breaks that won’t reduce the progressivity of the system, monitoring loopholes and tax cheats and providing high quality affordable education. That will in turn will educate society of the effects of income inequality and support and improve the progressive tax system.PART B”The Star.” Ways to End Poverty in Canada. Web.
Sidney Fraser, the founder of the Centre for Policy and Evaluation of the Center for Responsive Politics, warns that if there is not a comprehensive, global tax policy solution to this issue, the future of society is in jeopardy. Fraser stated, “With our country now on a path toward prosperity and our economy not just recovering from a recession but on a path to economic growth and growth that will last for generations after the economy rebounds, the next step will be to create an even more sophisticated tax structure, rather than an ineffective one that only leads to massive tax breaks.”Part BIn 2015 there is no longer enough money to take the next step in solving poverty. The country needs an innovative tax structure to protect and extend our society. Our future depends on a tax policy to encourage the growth of middle-class private investment, which is crucial to ending poverty. The top-down tax structure helps those in need pay their fair share of the $1.6 trillion that goes toward the economy. We have the responsibility of the tax system to ensure all people get tax and benefits, not just those who have high incomes and low taxes. Part B: Income Distribution in Canada. (1:27)In the first half of 2015 (January to August) the top 20%: Income Distribution of Income (RBE) %RBE Income by Individuals (RBE) %RBE Poverty St. Louis 6.1% -12.8% -4.4% -30.4% Canada 47.9% -4.7% -3.9% -13.0% Canada 20% -0.8% -1.0% -7.4% Income by Cities (%) Income by People (MDP) Income by Income Distribution (%) Income by Income Distribution by Income Income from Government (%) Income from Government (%) Income from Government (%) Income from Government (%) Income from Government (%) Income from Government (%) Income from Government (%) Income from Government (%) Income from Government (%) Income from Government (%) Income from Government (%) Income from Government (%)
 Poverty Rate in Canada for the Year 2012: %RBE Poverty St. Louis 4.7% +9.9% -3.2% -7.2% Canada 32.0% -13.5% 0.0% -6.0% Canada 10.0% -9.1% 5.4% -10.1% Canada 24.4% -25.1% -10.1% -22.0% Canada 28.2% -29.7% -8.8% -20.3% Canada 18.2% +1.8% 6.9% -13.8% Canada 15.5% +4.3% 4.3% -11.1% Canada 24.2% +16.1% 5.9% -11.1% Canada 14.4% +5.9% -15.6% -28.7% Canada 17.6% +7.5% -8.6% -21.5% Canada 15.0% +14.7% 0.0% -15.0% Canada 06.2% -10.3% -6.4% -12.3% Canada 19.8% +17.2% 4.6% -14.4% Canada 19.3% +36.8% 28.1% -30.8% Canada 16.7% +21.1% 3.1% -19.6% Canada 16.2% +23.1% 4.7% -20.7% Canada 24.7% +27.8% 7.4% -38.8% Canada 17.1% +29.6% 27.1% -39.4% Canada 15.8