Evaluate each of the given claims

Assignment Help Finance Basics

Reference no: EM131500365

Question: In 2001, two members of Congress submitted the Fairfax Act, which would replace the income, estate, payroll, and corporation taxes with a flat retail sales tax on goods and services. According to a supporter of this idea [Vessalla, 2001], the proposal has the following vixtures:

a. "What you earn is what you keep."

b. "Investment and savings would soar."

c. ‘'There is no evading the Fairtax."

Evaluate each of these claims.

Reference no: EM131500365

Questions Cloud

Part of the holders decision-making process : Decision Prices. Once an option has been purchased, only two prices or rates are part of the holder’s decision-making process. Which two and why?

Explore a number of current healthcare topics : The Language of God : explores a number of current healthcare topics that present bioethical issues.

Calculate the cash equivalency of the sale assuming : Calculate the cash equivalency of the sale assuming that the mortgage runs full term and the current market rate for the mortgage is 10%.

Calculate the mole fraction of ethanol component : 20ml of 10 N HCl are diluted with distilled water to form one litre of the solution. What is the normality of the diluted solution? A solution contains 25% of water, 25% of ethanol and 50% of acetic acid by mass. Calculate the mole fraction of ethano..

Evaluate each of the given claims : In 2001, two members of Congress submitted the Fairfax Act, which would replace the income, estate, payroll, and corporation taxes with a flat retail sales tax.

Comparable single-family residence for cash equivalency : Calculate the adjusted sale price of a comparable single-family residence for cash equivalency.

What is the technology behind this new force : You have just been told by your supervisor at work that a New Economy has emerged. What is the technology behind this new force?

Who was correct professor bradford or his correspondent : In January 2003, the late Professor David Brad-ford told a New York Times reporter that a consumption tax discourages work effort.

Report in a leading business magazine : You have just read a report in a leading business magazine. It states that the major marketing developments as we enter the new millennium can be summed.

User Account

All Pages