The overall tax code

there are some changes from 2017-2018 for example: miscellaneous itemized deductions those that are subject to two percent of adjusted gross income floor, all those deductions are gone. When it comes to 2018, anything that we said before deduction subject to two percent of adjusted gross income floor, they are deductible 2017 and before but not 2018, new laws not those expenses deductible, etc. the latest changes to the casualty area (no personal casualty deduction losses unless declared disaster area; no casualty deduction for section 212 income producing activities, changes in the treatment of casualty gains and losses). As we discussed before, while I want you to be aware of the laws before and after the 2018 changes (we discussed important practical and professional reasons for this also) - I will only old you responsible for the laws that are in effect in 2018 homework Write a 3 page, double spaced paper sharing your thoughts on whether or not you feel the overall tax code (based on material covered in class) is fair. Sibstantiate your position by giving reasons for it .          

Sample Solution