Prerequisites: Taxation I

A study of the fundamental concepts employed in federal income taxation, the public policies that underlie the current system and the impact of that system on individuals and business entities. Could be called Federal Income Tax, Income Tax or Tax.

Prerequisites: Taxation I

This seminar evaluates topics such as the choice of a tax base (income or consumption), rate structure (flat or progressive), taxable unit (individual or family), and method of government spending (direct or through the tax system via tax expenditures) against the tax policy norms of equity, efficiency and administrability to determine how well the present tax system satisfies these norms.