Tax Choice
Supporters of tax choice believe that taxpayers should have more of a say how their taxes are spent in the public sector. If taxpayers could choose which government organizations they gave their taxes to then their opportunity cost decisions would integrate their partial knowledge. For example, a taxpayer who spent more of his taxes on public education would have less money to spend on public healthcare. Allowing taxpayers to demonstrate their preferences would help ensure that the government succeeds at efficiently producing the public goods that taxpayers truly value.
Read more about this topic: Tax Reform
Famous quotes containing the words tax and/or choice:
“I have no doubt that it was a principle they fought for, as much as our ancestors, and not to avoid a three-penny tax on their tea; and the results of this battle will be as important and memorable to those whom it concerns as those of the battle of Bunker Hill, at least.”
—Henry David Thoreau (1817–1862)
“...there are important considerations in the world beyond plain sewing and teaching dull little boys the alphabet. Any woman who has brains and willing hands finds twenty remunerative occupations open to her where formerly she would have found merely the inevitable two—plain sewing, or the dull little boys. All she had to do is to make her choice and then buckle on her armor of perseverance, while the world applauds.”
—Clara (Marquise)