A good tax structure has five characteristics. a. Briefly discuss the five characteristics. b. Using the five
Question:
A “good” tax structure has five characteristics.
a. Briefly discuss the five characteristics.
b. Using the five characteristics, evaluate the following tax structures:
1. Federal income tax
2. State sales tax
3. Local ad valorem property tax
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a The five characteristics of a good tax are equity certainty convenience economy and simplicity Equity refers to the fairness of the tax to the taxpa...View the full answer
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Related Book For 
Federal Taxation 2018 Comprehensive
ISBN: 9780134532387
31st Edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
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