Question: You will need to prepare a 2 page term paper, subject is The Best Tax System - My Opinion Use all resources, both provided in

You will need to prepare a 2 page term paper, subject is "The Best Tax System - My Opinion" Use all resources, both provided in Canvas and researched on your own. Be sure to cite your sources. Tell me why you think it is the best system. You could provide pros and cons of each. Make sure to provide enough detail that you can compute a simple return. On page 3, calculate tax for both the current 2020 tax rates/rules and under your system for all the following: 1. Single taxpayer, taxable income $50,000, no itemized deductions, 2. Married filing jointly, taxable income $150,000, no itemized deductions, 3. Married filing jointly, taxable income $350,000, no itemized deductions

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