Research Problem 6. Recent tax reform discussions have involved proposals that would broaden the income tax base

Question:

Research Problem 6. Recent tax reform discussions have involved proposals that would broaden the income tax base and reduce the tax rate. Other discussions have focused primarily on modifying the tax law so that only the most affluent Americans would pay more taxes, either as a result of broadening the tax base or raising tax rates. Broadening the tax base can involve subjecting more types of income to taxation and/or eliminating or reducing tax deductions. Locate at least two tax reform proposals that are currently being debated where itemized deduction provisions would be modified. In an e-mail to your professor, evaluate each of the proposals in terms of costs and benefits and compare them to current law.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

South-Western Federal Taxation 2014 Corporations Partnerships Estates And Trusts

ISBN: 9781285424484

37th Edition

Authors: William H. Hoffman Jr., William A. Raabe, James E. Smith, David M. Maloney, James C. Young

Question Posted: