Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Taxation Expert

1) describe what is progressive tax, a regressive tax, a proportional tax? Provide your comment on the progressivity or regressivity of each of the following taxes, signifying in each case your assumption related to the tax incidence:

a) The Federal personal income tax

b) A four percent state general sales tax

c) A Federal excise tax on the automobile tires

d) A municipal property tax on the real estate

e) The Federal corporate income tax

2) describe the incidence of the excise tax when the demand is highly inelastic, elastic? What is the effect does elasticity of supply have upon the incidence of an excise tax? describe the efficiency loss of the tax, and how does it is related to the elasticity of supply and demand?

3) Describe how affirmative and negative majority votes may sometimes result in the inefficient allocations of the resources to the public goods. describe if this problem likely to be greater under the benefits received or an capability to pay the tax system?

Taxation, Accounting

  • Category:- Taxation
  • Reference No.:- M912377

Have any Question? 


Related Questions in Taxation

1 the weighted-average cost of capital is the return the

1. The weighted-average cost of capital is the return the company needs to earn after tax in order to satisfy all its security holders. True False Question 2. Why is debt financing said to include a tax shield for the co ...

Baafm tax assignment real life case study - write briefly

BAAFM TAX ASSIGNMENT Real Life Case study - Write briefly about a RECENT COURT case that happened in Singapore or any other country where the issue was about income  and Capital. EXECUTIVE SUMMARY [ONE PAGE ONLY] INTRODU ...

Requireduse the following information to complete paul and

Required: use the following information to complete Paul and Judy Vance's 2015 federal income tax return. Facts: 1. Paul J. and Judy L. Vance are married and file a joint return. Paul is selfemployed as a dentist, and Ju ...

Preferred stock bailouts and personal holding company

Preferred Stock Bailouts and Personal Holding Company" Please respond to the following: From your analysis of Section 306 in the e-Activity. (,http://www.taxalmanac.org/index.php/Tax_Research_Resources, or use the Intern ...

Preferred stock bailouts and personal holding company

"Preferred Stock Bailouts and Personal Holding Company" Please respond to the following: From your analysis of Section 306 in the e-Activity, differentiate between the tax treatment of earnings and profit on the distribu ...

Criterion 11 which of the following is not a primary tax

Criterion 1 1. Which of the following is NOT a primary tax authority? a. Treasury Regulation b. Revenue Ruling c. a Tax Court Memorandum decision d. an IRS publication 2. Congress' authority to enact an income tax was es ...

New taxesdecisions related to taxes have a far-reaching

New Taxes Decisions related to taxes have a far-reaching impact on all U.S. citizens. Therefore, it is important to weigh the pros and cons of such decisions and ensure that they will be beneficial to the majority of cit ...

Tax1 an s corporation cannot incur a tax liability at the

Tax 1. An S corporation cannot incur a tax liability at the corporation level. a. True b. False 2. S corporation status allows shareholders to realize tax benefits from corporate losses immediately (assuming sufficient s ...

Corporate taxation please respond to the

"Corporate Taxation" Please respond to the following: • Analyze the significant rules concerning the manner in which corporations treat the dividends that they are paying. Based on your analysis, recommend at least two c ...

Assigmn a letter to the board of directorsdecisions

Assigmn: A Letter to the Board of Directors Decisions involving capital expenditures often require managers to weight the costs and benefits of different options related to the same goal or project. For instance, decidin ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro