We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

The United States Economy: Outline - Essay Example

Comments (0) Cite this document
What this paper helps to do is to identify three problems affecting the American economy and provide some simple solutions to help remedy the situation. Firstly, this paper will provide a critical discussion on the effect that a cumbersome tax code has had on the U.S. economy and discuss what effect a simplification will potentially have on the U.S. business sector…
Download full paper
The United States Economy: Outline
Read TextPreview

Extract of sample
The United States Economy: Outline

Download file to see previous pages... According to Chan (2010) it is the case that the Chairman of the Federal Reserve, Ben Bernake identified that at present, the United States personal and corporate tax code is very inefficient. Ultimately congress could help spur economic growth by making the tax code more efficient through the closing of loopholes, making the system clearer for entities that file taxes and through streamlining of the IRS. For example if the tax code is clearer organizations would have to divert fewer resources (Man-hours) and money towards the simple filing of taxes which would allow for more physical investment in other projects. On one extreme end of the spectrum is the case of Estonia which according to the Landler (2005) has most of their population file their taxes electronically which saves fortunes in paper administrative costs (For both the revenue service and individual entity that is filing). Moreover according to Landler (205) Estonia uses a flat-tax system which would save fortunes in administrative costs. A shift in this direction could save money for organizations who could divert these savings to new projects.
A second issue facing the United States is a trade imbalance. According to the CIA World Factbook (2011) in the United Sates the trade deficit reached $840 billion, $506 billion and $630 billion in the years 2008, 2009 and 2010. What this translates to ultimately is that more goods are coming in than going out. From a mercantilist viewpoint one could argue that nations should strive to have more goods going out than coming in. According to Fox (2008) the port of Savannah has been able to generate higher exports than imports and can serve as a model for other U.S. ports. Ultimately the port has had a focus on products that are highly desired by foreign nations such as frozen chicken parts, wood pulp ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“The United States Economy: Outline Essay Example | Topics and Well Written Essays - 750 words”, n.d.)
Retrieved from https://studentshare.org/macro-microeconomics/1412694-the-united-states-economy-outline
(The United States Economy: Outline Essay Example | Topics and Well Written Essays - 750 Words)
“The United States Economy: Outline Essay Example | Topics and Well Written Essays - 750 Words”, n.d. https://studentshare.org/macro-microeconomics/1412694-the-united-states-economy-outline.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
United States Economy
United States Economy We are going to look at the industries that have become additionally important in the United State economy and how the government is taking over the share of the nation’s output. The growth of people’s income, the distribution of people’s income among many more will be addressed.
6 Pages(1500 words)Research Paper
Fashion and style in United States
This essay explores How did the media, particularly fashion magazines and film, help to disseminate both America fashion and American ideals of beauty in the mid-to late 20th century. Media puts into consideration customs, traditions and expressions bound by laws of a country. The United States of America experienced varied trends.
6 Pages(1500 words)Essay
Healthcare Reform In United States
The 2010 Health care reform has created and changed existing health care policies to improve the health care delivery. The health care system in the United States is a mixture of private and public insurance programs. The need for a reform is highlighted by the fact that nearly one fifth of the population of United States lack health insurance.
4 Pages(1000 words)Essay
Should the United States involve in a war in Libya
There are many people who expect that the next target of United States would be Iran or in North Korea. Surprisingly, some of the recent unexpected political developments shifted the attention of political analysts from Iran and North Korea to Libya. The successful agitation conducted by the Egyptian public against the Islamic dictator Hosni Mubarak motivated people all over the world who were suppressed by the dictatorship.
4 Pages(1000 words)Essay
Economy of the United States:
The economic history of the United States has its roots in the marginally successful colonial economies that progressed to a small, independent farming economy; and over the course of those years, the United States grew into a large industrialized economy, making up approximately a fifth of the world economy.
15 Pages(3750 words)Essay
Economy of United States
They are an indication of the troubled state in which the global economy finds itself in. With the US economy undergoing a crisis of epic proportions, several sectors suffered from the credit crunch and were left without access to credit that they were previously used to.
8 Pages(2000 words)Essay
Economic Objectives of the United States over the last three years
Macroeconomic instability has also detect that banking sector has been on a constant systemic risk with an increase in the nonperforming loans and short-term interest rates have caused devaluation in foreign currency borrowing and local currency lending. Macroeconomic policies have tried hard to target inflation by adopting monetary policy strategy.
8 Pages(2250 words)Essay
The current state of the economy of the United States
ce, U.S businesses, unlike their more rigidly bound counterparts in Europe and Japan, have more room to adjust when taking decisions on crucial matters like capital plant expansions, research and development outlay and additions or reductions to the labor force (Cia.gov). GDP
4 Pages(1000 words)Essay
I want to be president of the united states
A third party joining the electoral contest already happened in 1828 when Anti-Masonic Party fielded their own candidate to run for Presidency. The election will be on November 6, 2012 and it is expected that the
4 Pages(1000 words)Essay
(Outline)Ban Driving of Gasoline Powered Vechicles in United States
For the further reduction of the oil consumption rates of the country, it requires a change in the way the American people power their transportation systems. Dependence on fossil fuel has its disadvantages. This paper is a supportive paper on the ban of
2 Pages(500 words)Essay
Let us find you another Essay on topic The United States Economy: Outline for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us