FIN350 Discussion 7. Eliminating the Tax on Income, Finance Essay

Please CREATE your own stimulating discussion board question for the group based on a topic/concept regarding taxes as studied in Module 7.
Principles of Finance for the Public Sector
Module 7: Taxation Theory and Structure
In this module, you will learn that the corporate income tax results in double taxation of income. The treatment of depreciation as a general business deduction for tax purposes is also discussed
By the end of the week, you’ll also have a better understanding of the general issues involved in taxation of business income, and recognize both the short and long-run impacts of the corporate income tax. When you’re ready, let’s move on to the week’s lessons.
Learning Outcomes
Demonstrate the relationship between income tax rates, saving, and investment
Explain how tax preferences can distort choices and prevent efficiency in the market
Recall major issues relating to economic effects of income taxation in the U.S.
Describe the general issues involved in taxation of business income and how corporate income would be treated under a comprehensive income tax
Recognize both the short- and long-run impacts of the corporate income tax on allocation of investment and efficiency of resource use