Congressman Pinkie proposes reducing the tax exemption for children in married families where only one parent works

Question:

Congressman Pinkie proposes reducing the tax exemption for children in married families where only one parent works outside the home. Why would this proposal improve equity, from a Haig-Simons perspective?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Public Finance and Public Policy

ISBN: 978-1429278454

4th edition

Authors: Jonathan Gruber

See More Books

Question Posted: Apr 25, 2015 07:45 AM

See More Questions

From the perspective of the parent corporation, contrast the tax consequences of a subsidiary liquidation under the general nonrecognition rules with a subsidiary liquidation that follows a 338...
Why might it be good advice from a tax perspective to think hard before deciding to quickly pay down mortgage debt?
A parent has two children living in cities with different costs of living. The cost of living in city B is 3 times the cost of living in city A. The child in city A has an income of $2,000 and the...
Use the Chain Rule to evaluate the partial derivative at the point specified. /u and /v at (u, v) = (1,1), where f(x, y, z) = x + yz, x = u + v, y = u + v, z , Z = uv
Verify that C3 = 11/12A + 11/12B C 5/6D is orthogonal to the C1 and C2 of Case Study 12.4.1. Find SSC3 and illustrate the statement of Theorem 12.4.1.
George Ltd manufactures and sells two different types of coils used in electric motors, in September Jessica Martin, the management accountant, compiled the following data for the upcoming annual...
Visit Trackur.com (www.trackur.com) and read about the services Trackur offers. Some analysts have referred to the practice of mining social media as being similar to conducting a focus group. Is...
A U-tube open at both ends is partially filled with water (Fig. P14.71a). Oil having a density of 750 kg/m3 is then poured into the right arm and forms a column L = 5.00 cm high (Fig. P14.71b) (a)...
IN ACFR, if the legal debt margin is steady increase in last ten fiscal years what it means
Kathy Hutton, chief executive officer of Summit Distributors, was concerned with the poor economic outlook for the coming year. Continued deterioration of the economy could place the future viability...
Suppose that the government introduces an EITC such that for the first $8,000 in earnings, the government pays 50 per dollar on wages earned. For the next $3,000 of earnings, the credit is held...
Suppose that you estimate the following female labor supply relationship: a. Interpret the coefficient on after-tax wages. What does this coefficient imply about the effect of increasing wages from...
If tan = 2.412 and u is acute, find the angle to the nearest tenth of a degree.
Calculate the marginal propensity to save. Use the following data for the Australian economy to work Problems Disposable income Saving (billions of dollars per year) 0 100 200 300 400 0 25 50 75 100
Analyze the frame in Figure P10.18. Compute all reactions. Given: $E I$ is constant. B 10% 10% 20 kips D 12'
This exercise is designed to help you put into practice some of the skills associated with being a good negotiator. In completing this exercise, follow the steps for negotiating a win-win solution...
(a) Assuming that no loads act in Figure P9.16, compute the reactions if support $B$ is constructed 0.48 in. too low. Given: \(E=29,000 \mathrm{kips} / \mathrm{in} .{ }^{2}, I=300 \mathrm{in} .{...
Describe each of the Feds monetary policy instruments.
Determine the pressure exerted on a diver at 20 m below the free surface of the sea. Assume a barometric pressure of 101 kPa and a specific gravity of 1.03 for seawater.
Determine whether the lines are parallel, perpendicular, or neither. 2x + 3y = -12, 2y - 3x = 8
Hermione lives in a country with two tax brackets: the first $30,000 of earnings is taxed at 20%, and any additional income above $30,000 is taxed at 40%. Harry lives in a country with a single tax...
Many states have language in their constitutions that requires the state to provide for an adequate level of education spending. What is the economic rationale for such are requirement?
How did the composition of federal and state and local government spending change between 1960 and 2007? What social and economic factors might have contributed to this change in how governments...
A retirement home in Florida costs $ 2 0 0 , 0 0 0 today. Housing prices in Florida are increasing at a rate of 4 % per year. Joe wants to buy the home in 8 years when he retires. Joe has $ 2 5 , 0 0...
1. (55 points) Answer the following questions about the steady state system shown below. (Don't worry about starting from 1st Law - use common engineering assumptions.) a) Is it appropriate to use...
Describe at least three ways that Guidance Software responds to and helps to manage changes in our technology - driven world? Describe what forecasting involves and list three limitations to...

Congressman Pinkie proposes reducing the tax exemption for children in married families where only one parent works

Question:

Step by Step Answer:

When both parents in a family work they generally spend money that has b...View the full answer

Public Finance and Public Policy

Students also viewed these Accounting questions