Economic report of the president

Reference no: EM131023571

According to the 2004 Economic Report of the President, "Another crucial principle [of tax incidence] is that only people can pay taxes. Businesses and other artificial entities cannot pay taxes." Do you agree that businesses cannot pay taxes? Don't businesses pay the federal corporate income tax? Briefly explain.

Reference no: EM131023571

Questions Cloud

Effect of the corporate income tax on workers : Use a demand and supply model for the labor market to show the effect of the corporate income tax on workers. What factors would make the deadweight loss or excess burden from the tax larger or smaller?

Can you please show me the solution step by step : Can you please show me the solution step by step and also included the whole calculation ; i need to understand the solution to solve another one on my own

Reason for buying a resale : One reason given was the following: "[Some buyers] seek to avoid the 1.825 percent transfer tax that buyers must pay on a brand-new condo. (In resales, the seller pays the tax.)" Analyze this reason for buying a resale rather than a new condo.

What is the probability of a head in a single toss of coin : What is the probability of a 'head' in a single toss of this coin? If the coin is tossed and a 'head' results, what is the probability that p is 3/4?

Economic report of the president : According to the 2004 Economic Report of the President, "Another crucial principle [of tax incidence] is that only people can pay taxes. Businesses and other artificial entities cannot pay taxes." Do you agree that businesses cannot pay taxes? Don..

Find the average rate of travel in miles per day : On February 10th, Oscar rented a Chevy Trailblazer with a full tank of gas and 13,091 miles on the odometer. On February 12th he returned the vehicle with 13,322 on the odometer.

Legal specification of its incidence : According to the 2004 Economic Report of the President, "The actual incidence of a tax may have little to do with the legal specification of its incidence." Briefly explain what this statement means and discuss whether you agree with it.

Construct a truth table and the karnaugh map : The inputs to the logic circuit are the bits B8, B4, B2, and B1 of the binary equivalent for the hexadecimal digit. (The most significant bit is B8, and the least significant bit isB1.) Construct a truth table and the Karnaugh map; then, write the..

Find the coordinates of the point of intersection : The sum of two numbers is 54, and their difference is nine more than the smaller number. Find the numbers.

User Account

All Pages