Tax Reduction and Economic Systems

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The first section of the paper identifies tools which may be used to reduce different types of Federal tax in the US, looking at income tax, capital gains tax and estate tax. In the second part of the paper the writer moves on to explain what it meant by the models of an open and a closed economic system, their characteristics and examples of the way they manifest. The writer also looks at the flows within the models. Four sources are cited in the bibliography of this five page paper.