Question: What is the difference between tax evasion and tax avoidance? Do you feel that the wealthy are taxed enough? How much tax should the wealthy

What is the difference between tax evasion and tax avoidance? Do you feel that the wealthy are taxed enough? How much tax should the wealthy pay? What are the ramifications for our country if the wealthy do not pay enough taxes and what are the ramifications for our country if they pay too much in taxes? Do you feel that the wealthy will continue to do business in places where they are overtaxed (i.e. New York, California vs. Texas)? Would the wealthy stay in a country that overtaxes them or would they consider doing business in other countries?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!