Question
Problem 2: 3 points Pick 1 of 2 statements below to discuss: Now that weve studied the tax rules of Subdivision A and Subdivision B,
Problem 2: 3 points Pick 1 of 2 statements below to discuss: Now that weve studied the tax rules of Subdivision A and Subdivision B, do you think the tax system treats employment income in the same way as it does business income? In your opinion, should the tax system treat income in the same way regardless of how the income was earned (via employment versus business)? Or, should different rules apply depending on how the income was earned? Why?
Now that weve studied the tax rules of Subdivision A and Subdivision B, debate the merits of becoming an entrepreneur (earning business income) versus an employee (earning employment income). As you observe the economic fall out from the Pandemic, would you prefer to be an employee or a business owner during these challenging times? Why?
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