To assist the governments to deal with budgetary shortfalls some decisions have to be made. I would increase the rate of cooperating income tax and even tax organizations’ shareholders on their dividend earnings. This is because their tax rates to the state are marginally quite low when the truth is they can do better. The business environment in the country at the moment is improving and therefore conditions for doing business have become better. I would also increase the individual income tax rate to provide better service to the public.
To be able to acquire public services and access the public amenities people pay what is known as user fees. With the growing interest of many people to access state parks, drive on highways and use public swimming pools, I would impose charges on the public when they visit and use these facilities. I would also raise the charges for the facilities already imposing a toll on the public.
I would also encourage flat tax since studies have shown that it would minimize overspending by the executive. This is because of the fact that if tax is increased at any moment, it affects everyone paying tax. On the other hand, I don’t think the national sales tax would be a sensible method to raise revenue simply because it will harm the low-income earners. In any way you look at it, be it by the measure of annual or lifetime income, it still hurts the low-income earners.