While Chapter $1$ provides a background in taxes and jurisdictions, Chapter $2$ delves deeper into Adam Smith's Canons of Taxation from his book Wealth of Nations first published in $1776.$

The four canons are equality, certainty, convenience, and economy.

Do you feel the current federal tax code is meeting these canons and why or why not? Please view Federal Tax Laws Keep Piling Up $$ to assist you in formulating your answer.

You are required to research the tax policy changes implemented by the Tax Cut and Jobs Act $($see research paper assignment for further clarification$).$ Although you may not have completed

much research for this paper yet, do you feel you will find adherence to these time$-$tested principles of taxation? Share any information related to these canons you have found thus far and

support the reasoning behind your viewpoint.

Your text touches on some of the issues surrounding sales tax and the now famous Supreme Court case Quill Corporation vs$.$ North Dakota. With consumer purchasing changes and the

availability of e$-$commerce Quill has become outdated. In the case of South Dakota vs$.$ Wayfair, on June $21,2018,$ The United States Supreme Court ruled that states can mandate, within

parameters, that retailers collect and remit sales tax on transactions within the state not regarding physical presence. Use the following link to access AICPA's background and outlook post$-$

South Dakota vs$.$ Wayfair. Scroll down to the bottom of the page for links to additional information. Link $G$ What are your feelings about sales tax and e$-$commerce? Do you live in a state

that includes an online sales tax on the individual return? How do you feel about the inequity between brick$-$and$-$mortar stores that are required to collect sales tax and online vendors that

do not? Feel free to express your personal feelings or you may just want to discuss the effect on state revenues.