Business, Management and Accounting
7 years ago

Income Tax System Favors High Earners Over Low Income Workers

1 view
The Academic Society of Global Business Administration
A Study on the Pattern of Deduction of Credit Card Usage and System Maintenance from the Aspect of Equity in Taxation
Yu seok Jeong

Paper Summary

The study looked at how using credit cards affects taxes. The goal was to see if the current system is fair for everyone. They found that high-income people benefit more from tax deductions on credit card usage than low-income people. Even though the system helps lower taxes for everyone, it helps high earners more. This means the system is not fair for people with different incomes. The study suggests improving the system to make it fairer for everyone.

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