Tax policy reason for excluding gains on sale of residences

Assignment Help Financial Management
Reference no: EM131450174

Which of the following is NOT a tax policy reason for excluding gains on the sale of residences and allowing itemized deductions for real estate taxes and home mortgage interest.

A. Home ownership is part of "the American Dream" and is considered worth encouraging and sacred.

B. Owning a home is the only "tax-shelter" the average wage-earner has under the current tax law.

C. Home ownership promotes simplicity in the tax code.

D. Promoting home ownership in the tax code supports real estate values & the real estate industry which is a huge and vital part of the American economy.

E. All of the above are sound policy reasons for giving tax breaks to homeowners.

Reference no: EM131450174

Questions Cloud

How people grow and develop : Everyone operates with a theory of what makes the best learning environment and how people grow and develop. What is the relationship of your personal learning.
Identify the main function of the meeting : On Saturday October 17, 2009, forty-two year old, democratically elected President Mohammad Nasheed of the Maldives invited his 13 officials cabinet meeting.
Value of business consultants : Discuss the differences between the Chinese and Indian multinational acquirers reflecting upon industry, resource and institution-based views.
Are groups more productive when everyone is friends : Is it important to work with friends? Why or why not?Are groups more productive when everyone is friends? Is there a downside to working with friends?
Tax policy reason for excluding gains on sale of residences : Which of the following is NOT tax policy reason for excluding gains on sale of residences and allowing itemized deductions for real estate taxes
Which leadership traits by the trainees : For five years, Niederrhein University of Applied Sciences, housing Europe's largest faculty of textile and clothing technology, has provided case-related.
Provide a correctly-formatted title page in apa format : First, provide a correctly-formatted title page in current APA format with a running head and page numbers. Next, write each reference in current APA format.
Does it affect citizens political involvement : Write review on article - The Internet was first extensively used in American political campaigns during the 2004 presidential election
Are you motivated by ambitious goals : Are you motivated by ambitious goals, such as Barbara's goal of doubling the number of sales agents every year? Why or why not?

Reviews

Write a Review

Financial Management Questions & Answers

  Foreign company acquisition

Acquisition by a foreign company and the effects of that decision and the results of foreign exchange in Euro and the exchange rate differences.

  Financial management for profit and non profit organizations

In this essay, we are going to discuss the issues of financial management in a non-profit organisation.

  Method for estimating a venture''s value

Evaluate venture's present value, cash and surplus cash and basic venture capital.

  Replacement analysis

This document show the Replacement Analysis of modling machine. Is replacement give profit to company or not?

  Business finance task - capital budgeting

Your company is considering using the payback period for capital-budgeting. Discuss the advantages and disadvantages of this technique.

  Analysis of the investment

In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).

  Conduct a what-if analysis

Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.

  Determine operational expenditures

Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.

  Personal financial management

How much will you have left over each half year if you adopt the latter course of action?

  Sources of finance for expansion into new foreign markets

A quoted company is considering several long-term sources of finance for expansion into new foreign markets.

  Long term financial planning

This assignment is designed for analyze Long term financial planning begins with the sales forecast and the key input in the long term fincial planning.

  Explain the role of fincial manager

This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd