What are the next intellectual frontiers you hope to explore

Assignment Help Taxation
Reference no: EM133320559

Question 1) Today when natural disasters strike, Americans often expect the president to leap into action, providing relief and federal support to impacted states and communities. In 1927 two major natural disasters struck -- both floods -- one in the Mississippi River valley and the other in President Coolidge's home state of Vermont. In both cases the destruction was immense, and, in both cases, Coolidge pushed back against efforts for extensive federal involvement. The President did not visit either flood site. The year after the floods, proposals were introduced in Congress calling for the federal government to address flood control. Coolidge resisted many components of these proposals, though he did eventually sign the Flood Control Act of 1928.

What concerns did Coolidge have about extensive federal involvement during and following these floods? How did he imagine the problems presented by the floods would be solved absent a strong federal government response? Why might Coolidge have preferred solutions from outside the federal government? To aid you in your research, please study the materials available at the link below. You may augment these resources with research of your own. Note: although personally you may not agree with Coolidge, try to get inside his head and explain his reasoning.

Question 2)The federal individual income tax seems a permanent fixture of American life today. But the income tax was relatively young in the 1920s -- having been made permanent only in 1913 by the Sixteenth Amendment. Income tax rates initially started low, with the highest rate originally set at 7 percent. During World War I, however, the federal government increased rates dramatically -- all the way up to a top individual income tax rate of 77 percent.

Tax reform to reduce rates was a major policy priority of President Calvin Coolidge and his Treasury Secretary Andrew Mellon. The first tax cut of the 1920s, the Revenue Act of 1921, was signed by Coolidge's predecessor, Warren G. Harding. Subsequent tax reforms were signed into law by President Coolidge in 1924, 1926, and 1928. During this period, tax rates were reduced significantly, with the top rate on the federal income tax falling to 25 percent. Rates for Americans in lower income brackets were reduced as well.

The 1920s represent an early experiment in tax reform. In this essay you are tasked with analyzing this experiment. What was the logic behind President Coolidge and Secretary Mellon's tax cuts? What did they expect would be the benefits of lower rates? What might have been pitfalls? Reviewing the evidence from this decade, what is your evaluation of the impact of the 1920s experiment in tax reform? Please find resources available at the link below to assist in your research. You may augment these materials with additional research if you like.

Question 3) The year 2023 is the 100-year anniversary of Calvin Coolidge's rise to the presidency. please explain what you think is President Coolidge's most important legacy or lesson.

Question 4) You have learned and achieved much up to this point in your life. What are the next intellectual frontiers you hope to explore in your college years and how do you envision you might use the knowledge you gain?

Reference no: EM133320559

Questions Cloud

Example of rhetoric being used in the speech : Find a speech that resonates with you and find three (3) examples of rhetoric being used in the speech. You will need to post the speech and identify
What fallacy led to the false conclusion of the londoners : ENG MISC Northern Virginia Community College As it turned out, there were no spies; the pattern of bombings was random. --from Thinking, Fast and Slow by Daniel
What is willa cathers predominant purpose : ENGL MISC University of South Carolina What is Willa Cather's predominant purpose in "My Mortal Enemy"? What is the general theme of the story?
Explain why you think hemingway created two characters : ENG 1001 Centenary University explain why you think Hemingway created two unnamed characters who behave so distinctively different from one another
What are the next intellectual frontiers you hope to explore : What are the next intellectual frontiers you hope to explore in your college years and how do you envision you might use the knowledge you gain?
How does charlie learn to embrace the spider : ENGL 051 Brigham Young University How does Charlie learn to embrace 'The Spider' in him by the end of the novel? Why is that important? Please choose ONE option
Explain the simile in the book of uglies : Explain the simile in the book of Uglies by Scott Westerfeld "But now Shay has done it again, disappearing like the track below, leaving Tallyin free fall"
How will that be taxed and at what tax rate : Last year Ben's employer contributed $8,000 to Ben's superannuation account with AustSuper (a complying superannuation fund). How will that be taxed
What do you like about the draft so far : Did they identify the title, author, genre, and historical context of the work and What do you like about the draft so far - Is the literary theory or criticism

Reviews

Write a Review

Taxation Questions & Answers

  Compute tanagers taxable income and tax for the year

Compute Tanager's taxable income and tax for the year and compute Tanager's taxable income and tax for the year

  Prepare a form 1120 for pet kingdom for tax

During 2015, Pet Kingdom made estimated tax payments of $90,000 each quarter to the IRS. Prepare a Form 1120 for Pet Kingdom for tax year 2015.

  Blake and valerie meyer both age 30 are married with one

blake and valerie meyer both age 30 are married with one dependent child age 5. on the basis of the following

  Prepare the tax returns

What you will do, what you can do, and how to proceed. Do you complete the financials, and are you able to prepare the tax returns?

  Advise brian on the tax consequences

Advise Brian on the tax consequences regarding the above-mentioned transactions for the year 2013/2014 tax year - Advise Morgan Brothers whether the amount of $250,000 is income for their business.

  How will the loss be treated on the return

A taxpayer loaned$2000 to her best friend in 2011. How much can the taxpayer deduct in 2013 and 2014, and how will the loss be treated on the return?

  Compute mason and ruths 2013 federal income tax payable

Compute Mason and Ruth's 2013 Federal income tax payable - Mason and Ruth are cash basis taxpayers and had the following items for 2013.

  Required to address issues with a focus

ACCG 924 - Assume you are employed as a graduate tax accountant and have been asked to detail to your manager, the Australian income tax implications of the following facts relating to Mrs Gilling, who is a major client of the accounting firm - Re..

  Prepare personal income tax returns using a tax software

prepare personal income tax returns using a tax software as part of the evaluation components for this course. The case study covers all the rules learned

  Discuss difference between annotated and topical tax service

Discuss the basic differences between annotated and topical tax services. How are these services used in tax research? In constructing a keyword search, what should the keyword search include?

  What is the amount and character of harts recognized gain

What is the amount and character of Hart's recognized gain if the asset is tangible personal property sold for $450,000? What effect does the sale have on Hart's tax liability for the year?

  Analysis of legal issues and relevant taxation law

Holmes Institute Australia - T2 2019, HI6028 Taxation Theory, Practice & Law Individual Assignment. Analysis of legal issues and relevant taxation law

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd