What are the main differences between the flat, regressive, and progressive tax plans?
under which plan would you pay the most in taxes? under which plan would you pay the least in taxes?
which tax system would benefit you the most? explain your response and refer to your specific career.
do you think the plan that benefits you most is the most fair for everyone? explain your response.
imagine you marry and your spouse earns $50,000 per year. you will be filing your taxes together. does this change your opinion of the proposed tax plans? explain your response.

What is the difference between a public and a private corporation?

You are chairman of the board of a successful technology firm. there is a nominal federal corporate tax rate of 35 percent, yet the effective tax rate of the typical corporation is about 12.6%. your firm has been clever with use of transfer pricing and keeping money abroad and has barely paid any taxes over the last 5 years; during this same time period, profits were $28 billion. one member of the board feels that it is un-american to use various accounting strategies in order to avoid paying taxes. others feel that these are legal loopholes and corporations have a fiduciary responsibility to minimize taxes. one board member quoted what the ceo of exxon once said: “i’m not a u. s. company and i don’t make decisions based on what’s good for the u. s.” what are the alternatives? what are your recommendations? why do you recommend this course of action?

Scenario: you have advised the owner of bond's gym that the best thing to do would be to raise the price of a monthly membership. the owner wants to know what may happen once this price increase goes into effect. what will most likely occur after the price of a monthly membership increases? check all that apply. current members will pay more per month. the quantity demanded for memberships will decrease. the number of available memberships will increase. the owner will make more money. bond's gym will receive more membership applications.