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The standard deduction eliminates low and moderate level taxpayers from the tax rolls. The standard deduction is made up of two parts: the basic and
The standard deduction eliminates low and moderate level taxpayers from the tax rolls. The standard deduction is made up of two parts: the basic and the additional. Both of these are adjusted annually for inflation and lastly the standard deduction differs depending on filling status. Given the information above, 1). Do you think that the 2018 tax changes as they relate to the standard deduction move the regular tax system closer to a modified flat tax system and why? Assignment: Given the information above, By TBD, prepare a two page (Maximum) white paper on the topic listed above and submit it to the respective drop box
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