Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Accounting Basics Expert

President Obama is reaching out to you, the future of America, to help him address tax issues in the United States which are resulting in a perception of “class warfare”, and the creation of a “welfare state”.

The President, while a very intelligent man and constitutional scholar from the University of Chicago, has had limited experience with the business community.  During this spring break he is asking you, the business students, to reach out to your family and friends, old and young, educated and uneducated, wealthy, middle class and struggling Americans and have a dialogue on the following topics.

There is no right or wrong answer.  You are to evaluate each of the topics listed below and formulate a “pro” and “con” opinion regarding each of the issues.  You as the future of America,  need to understand both sides of the issue and support those opinions.

1. Was the “Extension(s) of the Payroll Tax Cut for 2012 a good tax policy? Should it be continued after the elections or is it just a political toy?

2. Herman Cain proposed a “Value Added Tax (VAT), which is effect a National Sales Tax on all products and services sold. Very popular in Europe.  Is this a good idea?

3. Should the wealthy (you define wealthy) pay higher taxes (than paid today) and/or should everyone pay some federal income taxes?

4. Are the “Bush Tax Cuts” that were extended for 2011 and 2012 a good idea?  They will expire as of 12/31/12 should they be extended and renamed the “Obama Tax Cuts”?

5. Should your “estate” be taxed upon your death?

6. Would you support paying more state income taxes to provided state employees pensions when you do not have a pension?

7. Should income from investments (dividends, interest, capital gains) be taxed at a higher, lower or same rate as wages?

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M91788

Have any Question? 


Related Questions in Accounting Basics

Assignment comparing capital expenditurescomparing capital

Assignment: Comparing Capital Expenditures Comparing Capital Expenditures Select a company and access the last three years' annual reports. Next, select a company that is a direct competitor and download the previous thr ...

Accounting questionfollowing the completion of the

Accounting Question: Following the completion of the investigation of a potential fraud case, you are informed by your manager that the case will be brought to trial. As part of the litigation process you will be asked t ...

Accounting assignmentthis project requires you to select a

Accounting Assignment This project requires you to select a business and analyze part of its accounting information system. You will focus on a selected business process, develop conclusions from your observations, and a ...

Niagular corp just reported a net income of 8500000 amp its

Niagular Corp. just reported a net income of $8,500,000 & its current stock price is $25.75 per share. Niagular Corp. is forecasting an increase of 25% for its net income next year, but it also expects it will have to is ...

Assignment gaap applicationsinternal controlrecall that in

Assignment: GAAP Applications Internal Control Recall that in Units 2 and 3, you completed the accounting cycle for Dustin Larkin of Quixote Consulting. Quixote Consulting is a part-time consulting business that recently ...

Assignment intermediate accountinginstructionsbulluse the

Assignment: Intermediate Accounting Instructions: • Use the answer sheet provided. • For the multiple choice answers, use upper case letters. • Only submit you answer sheet in the Assignment Folder NLT No late examinatio ...

Accounting assignmentflorida sunshine real estate

Accounting Assignment Florida Sunshine Real Estate Properties, Inc. is a real estate firm located in southwest Florida. The company, which advertises itself as "expert in the real estate market", monitors condominium sal ...

Accounting assignment1 the standard direct labor time for

Accounting Assignment 1. The standard direct labor time for producing one pair of original Crocs is 0.6 hours and the direct labor rate for producing one pair of original Crocs is $18.50 per hour. During February, 10,000 ...

1 as a small business owner in todays economy what three

1. As a small business owner in today's economy, what three financial reports would you use on a regular basis? What information would you find on each statement? What decisions might each statement help you make? Please ...

How much did you borrow for your house if your monthly

How much did you borrow for your house if your monthly mortgage payment for a 30 year mortgage at 6.65% APR is $1,600?? A $218,080 B $202,503 C $186,926 D $233,658 E $249,235 F $264,812 Shady Rack Inchas a bond outstandi ...

  • 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

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

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen