tag:blogger.com,1999:blog-2135788133426971614.post8582938685641861922..comments2024-03-28T01:09:48.303-07:00Comments on 21st Century Taxation: Can tax reform solve more problemsProfessor Nellenhttp://www.blogger.com/profile/03288632402197167948noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2135788133426971614.post-22584269562837934392017-10-17T10:54:27.219-07:002017-10-17T10:54:27.219-07:00Among the so many parameters for measuring economi...Among the so many parameters for measuring economic growth, job creation (associated with better standard of living), housing development are the two important ones that come to mind at this time. <br /><br />If, as part of tax reform, the capital gains tax is raised, particularly on home sale (given that we already have the mortgage interest deduction benefit for home purchase), more houses could become affordable as we could potentially see a reduction in investor flip ups in the housing market; and the extra revenue generated could be thus used for developing more government sponsored homes at lower or affordable prices to the low to middle income citizens.<br /><br />To promote personal savings, more interesting tax schemes such as zero tax upon withdrawal for long term retirement investment plans (for at least up to 25 years) could be made mandatory just as health insurance has been made mandatory under the Affordable Care Act.<br /><br />Thank you!!DBhttps://www.blogger.com/profile/12685633246373904314noreply@blogger.com