Wanted: A broader base and a simpler system.

The article focuses on the taxation policy of the U.S. and compares the growth and investment patterns of the U.S. with those overseas. As stated, U.S. relies heavily on personal and corporate taxes for its taxation policy. According to economist Adam Smith U.S. needs a tax system which should be designed as such to minimize burden on a free-market economy and its should be simple and certainty, and should have the efficiency to tax income from all sources at the same rate.