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:
“But the tax collector, standing far off, would not even look up to heaven, but was beating his breast and saying, ‘God, be merciful to me, a sinner!’”
—Bible: New Testament, Luke 18:13.
“Then did they strive with emulation who should repeat most wise maxims importing the necessity of suspicion in the choice of our friends—such as “mistrust is the mother of security,” with many more to the same effect.... But notwithstanding the esteem which they professed for suspicion, yet did they think proper to veil it under the name of caution.”
—Sarah Fielding (1710–1768)