Reference no: EM131113134

Finance Assignment

1) Tax Structure

There are a number of taxation rate structures in use in various countries in the world. For citizens residing in the United States, a progressive tax rate structure is applicable presently. In addition, there are many adjustments in the form of deductions and exemptions that affect an individual's income tax owed for a given period. Further, there are a number of sales and property taxes applied to certain purchased goods and real estate in the United States; primarily, these are levied by states. However, periodically the case for instituting a flat-rate tax is argued in Congress.

Write a 5-page report comparing the advantages and disadvantages of both the present progressive tax structure in the United States and the potential adoption of a flat-rate tax structure. Under which structure would more constituents be likely to evade taxes? Support your assertions with three reputable academic resources.

2) Milestone

Choose one of the topics listed below or obtain approval from your instructor on another public finance topic that interests you. This will  help ensure that clear statement of your public finance policy issue, rationale for its choice, and its importance, as indicated in the Portfolio Project Rubric.

Topics to choose from:

• Social Security.
• Health care reform.
• Economic effects of the Federal Budget Balance.
• Taxation as the main source of revenue for governments.
• An instructor-approved public finance topic you choose.