Friday, March 22, 2013
The Shelf Project is a coalition of tax professionals to develop proposals that will raise revenue, when Congress is ready, by improving the fairness and efficiency fo the income tax. We have published 69 projects over the last 5 years, some big and some with modest revenue impact. To do the least damage to the private sector per dollar of revenue raised, the tax base needs to broad and firm. Tax avoided is a lose-lose proposition. It neither pays for the Marine or closes the deficit and taxpayers do themselves damage in avoidign the tax. Shelf projects attack departures from tax on pretax internal rate of return.
- Calvin H. Johnson, How to Raise $1 Trillion Without a VAT or a Rate Hike, 128 Tax Notes 101 (July 5, 2010)