section 61

/in /by

Section 61 indicates that gross income from whatever source derived is taxable. Select a type of income that you know to be taxable under Section 61 and prepare a cogent, academic, policy argument for why it should not be taxed.

Be sure to incorporate the following elements:

  • Your cogent, academic, policy argument.
  • How Adam Smiths elements of taxation are impacted by the decision to not tax the type of income you picked.
  • Who in society will win or lose based on the change in policy.
  • At least one unintended consequence of the change in policy.

Your paper should be minimum 2 pages with 400-500 words.

 
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