In 2016, the federal government increased the maximum federal tax rate applicable to individu- als from...
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In 2016, the federal government increased the maximum federal tax rate applicable to individu- als from 29 percent to 33 percent. Required: Evaluate the increase of the maximum federal tax rate on the basis of the qualita- tive characteristics of tax systems that are listed in your text. For your convenience, the list of qualitative characteristics presented in the text is as follows: • equity or fairness • neutrality • adequacy • elasticity • flexibility • simplicity and ease of compliance • certainty • balance between sectors • international competitiveness In 2016, the federal government increased the maximum federal tax rate applicable to individu- als from 29 percent to 33 percent. Required: Evaluate the increase of the maximum federal tax rate on the basis of the qualita- tive characteristics of tax systems that are listed in your text. For your convenience, the list of qualitative characteristics presented in the text is as follows: • equity or fairness • neutrality • adequacy • elasticity • flexibility • simplicity and ease of compliance • certainty • balance between sectors • international competitiveness
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Related Book For
Basic Finance An Introduction to Financial Institutions Investments and Management
ISBN: 978-1111820633
10th edition
Authors: Herbert B. Mayo
Posted Date:
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