designing an efficient and equitable tax system

Imagine you are now in charge of designing an efficient and equitable tax system for our federal government. What type of tax system would you design. Please take into consideration the administrative burden, the benefits and ability to pay principle, vertical and horizontal equity, the tax incidence, and tax equity when designing your system. Please write a 1 page memo describing and justifying your new way to raise tax revenue for the federal government.

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