Description
TAX EQUITY AND FAIRNESS
Where you reside, do you pay taxes on goods and services? If so, do you believe these taxes affect low-income people more than high-income people? How high is your property tax, and how does it affect the quality of your public services—such as schools and fire services—as compared to other locations? These questions all relate to tax equity. The taxes governments require for revenue include property, income, sales (on goods and services), and others. Some of these taxes are perceived as unfair or unjust, depending on such things as what is being taxed and who has the heaviest tax burden. For this Discussion, review the assigned readings in the Mikesell text. Think about tax structures and whether they seem to fit with your understanding of concepts of equity and fairness.
The Assignment requirements:
Must have access to book for this assignment
Mikesell, J. L. (2018). Fiscal administration: Analysis and applications for the public sector (10th ed.). Boston, MA: Wadsworth.
- Chapter 8, “Taxation: Criteria for Evaluating Revenue Options” (pp. 354-400)
- Chapter 9, "Major Tax Structures: Income Taxes” (pp. 389-433)
- Chapter 10, "Major Tax Structures: Taxes on Goods and Services” (pp. 441–481)
- Chapter 11, “Major Tax Structures: Property Taxes” (pp. 488–528)
1.5 – 2 pages
APA format
Cite all resources properly
And:
- Write an evaluation of two types of taxes (e.g., property, income, sales, etc.) using the criteria in the Mikesell text.
- Then, explain whether you consider the taxes fair and equitable, and why.
- Describe how tax equity coexists with a government's need to collect taxes for revenue.
Explanation & Answer
please find the attached file. i look forward to working with you again. good bye
Running head: TAX EQUITY AND FAIRNESS
Tax Equity and Fairness
Name
Tutor
Institution
Date
1
TAX EQUITY AND FAIRNESS
2
Tax Equity and Fairness
I am a resident in the state of Ohio; United States of America and yes I do pay taxes. In
my view, these taxes do affect low income earners most as compared to individuals earning
more. This is grounded on the fact that low income earners have little income and this is again
taxed to initiate developments. The so called development is not evident in areas where low
income earners reside. Heaviest tax burden is the unjust and unfair act that is having a significant
impact to life of low earners in th...
Review
Review
