There are two things in life that are certain: death and taxes. In his book entitled An Inquiry into Nature and Causes of the Wealth of Nations, the great economist Adam Smith gave us some guidelines on good taxation. First off, he said that taxes needed to be fair, this may be kind of obvious, but it is the most important aspect of a good tax code. If the taxes are unfair, the people will …showed first 75 words of 434 total…

…showed last 75 words of 434 total…in the first place through income taxes, then if it’s, say a house, you are taxed on it every year after that in the form of property taxes. It is yours; you should not have to pay the government anything because you want to give it to someone else. It is completely and totally unfair! It is fine in clarity, simplicity and flexibility, but it is so unfair that it really doesn’t matter.