Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
The Federal Income Tax Base and Policy Alternatives There are proposals to change the U.S. federal tax system from primarily an income base to a consumption base. One popular proposal comes from Cornell economist Robert Frank. You may explore his proposal in the video titled, "Robert Frank: Consumption Tax", located at https://www.youtube.com/watch?v=1ZYVCgHsjec. Because of the difficult transition from one base to the other, the income base has prevailed. Assuming that the federal government continues using income as the tax base, politicians and economists have considered the following changes to the tax code: Expanding or eliminating the Alternative Minimum Tax (AMT). Expanding the base to include taxation of employer-provided health insurance. Eliminating the interest deduction on owner-occupied housing. Use the Internet to conduct further research on the aforementioned proposed changes to the tax code. Write a six to eight (6-8) page paper in which you: 1.Evaluate the efficiency and fairness of the following: Changing the AMT by expanding it or eliminating it. Predict two (2) of the probable consequences of such an option. Counting employer-provided health insurance as money income. Predict two (2) of the probable consequences of such an option. Eliminating the interest deduction for owner-occupied housing. Predict two (2) of the probable consequences of such an option. 2. Rank the proposed tax code changes from most fair to least fair (one [1] being the most fair and three [3] being the least fair). Provide a rationale for your ranking. 3.Compare the three (3) proposed changes in terms of political attractiveness. Since increasing taxes is universally unpopular, predict the likelihood of political support for each proposal. Provide a rationale for your response. 4.Use at least three (3) quality academic resources in this assignment. Note: Wikipedia and other similar Websites do not qualify as academic resources. Your assignment must follow these formatting requirements: Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions. Include a cover page containing the title of the assignment, the student's name, the professor's name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length. The specific course learning outcomes associated with this assignment are: Examine the unique nature, functions, and role of public financial management. Assess the impact of budget deficits / surpluses and national debt on public finance, and strategies for managing these issues. Analyze current problems of social security and welfare systems, and formulate alternatives for changes in managing these systems. Analyze the economic impact of the tax system in the U.S. Use technology and information resources to research issues in public finance. Write clearly and concisely about public finance using proper writing mechanics.
You and your rival must simultaneously decide what price to advertise in the weekly newspaper. If you each charge a low price, you each earn zero profits. If you each charge a high price, you each earn profits of $3.
Heidleman Industries is considering two types of materails for roofing its warehouses. EPDM is an elastomeric polymer synthesized from ethylene, propylene, and a small amount of diene monomer, compounded with carbon black processing oils and vario..
Marginal rate of substitution increases as he or she consumes more of a good.C. the law of diminishing marginal utility holds.
Price fixing is a per se violation of Clayton Antitrust Act. From the materials in library and the Internet, find out an example of the price fixing case or other violations of U.S. antitrust law.
Which of the following statements about the distribution of physicians among specialties is true in the United States?a) The majority of physicians specialize in general/family practice b)There are twice as many generalists as there are specialists
At a management luncheon, two managers were overheard arguing about the following statement: "A manager should never hire another worker if the new person causes diminishing returns." Is this statment correct.
National income and product data are generally revised. What effects would the following revisions have on consumption,investment, government purchases, net exports and GDP
Give real world examples of each of them. How would you construct an argument around the comment "more money you have the more problems you have".
The inflation rate would rise naturally as it always has the trick is to keep the supply of product as closely inline with consume needs. This can be done in many ways. If you see prices of a certain product climb you should look at ways to slow t..
What is the most common way modern labor unions use to raise wages? This will result in the fewest jobs lost if labor demand is elastic or inelastic?
Build a Balanced Scorecard for unit of the comapny for which you work. Identify the strategic objectives of the entire company and the secondary objectives for the unit.
What are the factors that affect pay differentials? How does each factor increase or decrease relative wages?
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd