Comment on any 2020 or 2021 new tax laws or modifications to existing tax laws AS THEY RELATE TO INDIVIDUAL TAXPAYERS. Reference the material that is impacted to the chapter and topic that we covered in our course (i.e. Foreign Tax Credit, Child and Dependent Tax Credits,  Credit for Child and Dependent Care Expenses, Education Tax Credits, Energy Credits, Credit for Certain Retirement Plan Contributions, and Alternative Minimum Tax). Explain your response with one paragraph of three to six sentences.

President Biden is proposing an increase to the individual income tax rates. What are the specifics of the proposal? Do you agree or disagree and why? Explain your response with one paragraph of three to six sentences. You MUST include the source of your research regarding the proposal specifics. section.

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The proposal for new tax lawas have been laid down by Presiden Joe Biden The specifics of the new ta... View the full answer