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al., 2008) According the text Prentice Hallâs Federal Taxation â Individuals (Edition 2008), the economic objective is accomplished by using income tax statutes to
? Stimulate private industry
? Reduce unemployment
? Alleviate the effect of inflation on the economy
Articles in tax statutes are adjusted for inflation by using the consumer price index (CPI), exemptions and standard deductions...
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These adjustments have been established to provide assistance to offset the effects of inflation. Additionally, the federal government also uses income tax statutes to encourage small business, specialized industries, and other activities such as medical or scientific research and experimentation.
The federal government utilizes modern tax law to achieve itsâ social objective by encouraging desirable activities such as pension or profit plans to supplement social security and to make charitable contributions and to discourage objectionable actions that opposes the policies of the community...
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Inaccuracies Of The Consumer Price Index(cpi)
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The Consumer Price Index in Malaysia
The factors mentioned in articles can cool down the inflation.
Will Inflation Be The Major Problem Of Hong Kong Economy
Indian Economy Move 2008
Analysis Of The 2008-09 Federal Budget
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What actions might a government take in order to reduce the rate of inflation in the economy?
federal reserve and inflation
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