ACC 307 Week 7 Assignment 1 – Should the U.S. Convert to a
Zero Personal Income Tax
1. Analyze the way in which the two (2) countries that you
have researched provide services and benefits to its citizens without
collecting personal income taxes.
2. For the countries that you have chosen, determine whether
or not the U.S. could adopt their taxation model without reducing its total
amount of revenue generated by collecting personal income taxes from
individuals and business. Justify your response.
3. Create a proposal for where the revenue would be derived
if the U.S. were to adopt a zero income tax model. In your response, provide
specific recommendations concerning the following:
4. Suggest at least three (3) advantages and three (3)
disadvantages of the U.S. adopting a zero income tax model. Provide a rationale
for your response.
5. Speculate on the primary way in which the federal
government could make up any shortfalls if it does not collect its targeted
revenue from personal income taxes, and ascertain the most significant way in
which the U.S. Department of the Treasury, through the IRS, can still adhere to
its fiscal and monetary policies. Justify your response.
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