Open AccessA Tax Reform Conundrum: Insights From A Survey Of Tax Professors
Author(s) -
Gary M. Fleischman,
Paul D. Hutchison
Publication year - 2011
Publication title -
journal of applied business research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.149
H-Index - 22
eISSN - 2157-8834
pISSN - 0892-7626
DOI - 10.19030/jabr.v17i4.2089
Subject(s) - tax reform , direct tax , economics , value added tax , ad valorem tax , repeal , tax credit , public economics , law and economics , monetary economics , political science , law
The George W. Bush presidency’s mandate for tax cuts, combined with predictions of substantial budget surpluses during the next ten years, is fueling two related debates: (1) elimination of the estate tax, and (2) reduction of tax rates by reforming and simplifying the tax code. This paper uses the results of a survey of accounting tax professors to assess opinions regarding the elimination of the estate tax, as well as, the feasibility of reducing tax rates through reform by using a flat tax. The results of this study suggest that tax professors do not favor the repeal of the estate tax and are lukewarm to replacing the current tax system with a flat tax.