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Topic 1:
In chapter 9 we discuss Tax Credits. First, watch the following IRS video discussing how you or your child may qualify for a tax credit when attending college or some other post-secondary education institution. https://www.youtube.com/watch?v=Buy8uVSh93k
Next, go to the IRS website https://www.irs.gov/education. Look over the information presented on the website and share something you learned with your classmates about the “American Opportunity Tax Credit” and the “Lifetime Learning Credit”. Do you believe these are valuable incentives that encourage taxpayers to pursue higher education?
Do not forget to make your posts to the other topic this week.
Topic 2:
Judge Learned Hand, stated in the Helvering v. Gregory case, that:
“Anyone may so arrange his affairs that his taxes shall be as low as possible; he is not bound to choose that pattern which will best pay the Treasury, there is not even a patriotic duty to increase one’s taxes.”
Do you agree with this quote? Do you believe there is a gray area between “tax planning” and “tax avoidance”?
Do not forget to make your posts to the other topic this week.
Requirements:
Class discussions and participation are required as part of your learning experience. These discussions are designed to have you participate in the learning process and enhance your understanding of the course material by interacting with the instructor and other students. Using proper business English, post your answers/opinions using at least 1 resource from the KU library (link above) for each topic given and comment on your classmates' posts. Make sure you have noted your source in proper APA format.
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