ACCT 429 Week 1 Discussion

ACCT 429 Week 1 Discussion | Devry University

Week 1: Does the Tax Code Need Fixing?

Here's the perennial question: The 2018 tax law and the Tax Cut and Job Act made some sweeping changes. Did the Act go far enough? Should the current federal income tax system be reformed further? In answering this question, consider and discuss a number of factors, such as (1) whether the current system is fair to all taxpayers; (2) whether the system is too complex; (3) whether the system is too expensive to administer; (4) to what extent would you support a change in the type of tax system we currently use, and (5) whether the current system is effective at raising revenue while not impacting business, personal, and financial decisions or operations adversely. These are the same general factors that courts and Congress tend to consider. In relation to these five general issues, what are your thoughts and why? 

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