Posted: October 21st, 2022
Which of adam smith’s principles of taxation do filing statuses provide to the tax system?
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In every political cycle, politicians often consider modifying or eliminating filing statuses. One such filing status debated and modified in the November 2017 tax reform was the head of household filing status.
Address one of the following points in your discussion post:
What are the fundamental purposes of filing statuses in the tax system?
Which of Adam Smith’s principles of taxation do filing statuses provide to the tax system? Why?
Who in our society would benefit or suffer if the head of household filing status is eliminated? (address both groups)
What are some impacts of the head of household filing status (benefits and detrimenbcits both intended and unintended)?
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