5. Compare the potential tax savings of an income shift from one entity to another if the entities are subject to a. A progressive income tax system with rates from 5 percent to 19 percent. b. A progressive income tax system with rates from 10 percent to 50 percent. c. A 20 percent proportionate income tax system.
5. Compare the potential tax savings of an income shift from one entity to another if the entities are subject to a. A progressive income tax system with rates from 5 percent to 19 percent. b. A progressive income tax system with rates from 10 percent to 50 percent. c. A 20 percent proportionate income tax system.
Chapter1: Federal Income Taxation—an Overview
Section: Chapter Questions
Problem 76DC
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5. Compare the potential tax savings of an income shift from one entity to another if the entities are subject to
a. A progressive income tax system with rates from 5 percent to 19 percent.
b. A progressive income tax system with rates from 10 percent to 50 percent.
c. A 20 percent proportionate income tax system.
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