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1 page/≈275 words
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Style:
APA
Subject:
Accounting, Finance, SPSS
Type:
Coursework
Language:
English (U.S.)
Document:
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Date:
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Topic:

Answer Questions Accounting, Finance, SPSS Coursework

Coursework Instructions:

Watch the video and answer the following five questions.
1. Login to Facebook
2. Go to the "Kogod School of Business " Facebook page.
3. Go to the video section and select the "The Facts on Tax" with Professor Tara Fisher. You will have to scroll through the videos to find this selection. It was recorded last Spring.
4. Watch the 24-minute video with some soda and popcorn
5. Complete the attached Word document (5 questions) and submit


 


Tax Policy with Professor Fisher


 



  1. Define the ability-to-pay principle and the benefits received principle. Which principle is associated with the income tax and which principle is associated with consumption taxes?


 



  1. Explain vertical equity and discuss how it is different from horizonal equity.


 


 


 



  1. With respect to total revenue collected from taxes, does the IRS raise more money from individual income taxes or corporate income taxes? Why do you think this is the case?


 


 


 



  1. Why are fairness and simplicity at odds with each other in the tax code? Give an example.


 


 


 



  1. What did you learn from this 24-minute discussion that you didn’t know before (e.g., how the IRS audits tax returns, how social policy is woven through the tax code, how the U.S. collects fewer taxes than other developed countries)? Provide at least 4 sentences to explain your answer.


Coursework Sample Content Preview:
Tax Policy with Professor Fisher: An Analysis
Student’s Name
Institutional Affiliation
Tax Policy with Professor Fisher
The ability to pay principle states that the idea of the burden of the tax should be geared directly to one’s wealth and income. The United States has applied this principle where it states that the businesses and the individuals who have more substantial incomes are supposed to pay more tax relatively and absolutely than those with the income, which is more modest. The principle deals with the income tax because it does not make any connection between the payment and the use, but it states that the person who can bear the burden can pay the tax.
The benefit received principle of taxation state that the businesses and the household should purchase the services and the good of the government in the same way as other commodities are bought. The benefit of the products or services which are received by the individual should pay the tax, which is necessary for the supply of the services or the goods. The principle deals with the consumption taxes because the finances of highway construction and repair ...
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