Federal income tax exemption of interest
Problem: What are the arguements for/against the criticism that the federal income tax exemption of interest on state-local debt is an inefficeint subsidy because the federal government makes no choice amoung the projects where the money goes?
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In mid-1968, the government imposed a 10% income tax surcharge on personal and corporate income to pay for the costs of the Vietnam War.
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Problem 1. Do you think tax allocation can improve the prediction of future tax payments in the short run? Problem 2. what are the economic consequences of SFAS No. 87?
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tax research paperthe topic is listed below try to incorporate any applicable code regulations revenue rulings and
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