Question:During the tax reform discussions, President Trump proposed eliminating the head of household filing status (see...
Question
During the tax reform discussions, President Trump proposed eliminating the head of household filing status (see...
During the tax reform discussions, President Trump proposed
eliminating the head of household filing status (see Donald Trumps
Tax Plan Would Hit Single Parents Hard/).
Address the following points in your discussion post:
What are the fundamental purposes of filing statuses in the
tax system?/
Which of Adam Smiths 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 detriments, both intended and unintended)?