Federal Income Tax Class

Federal Income Tax Class

This essay is meant for student to learn, research, and be aware of some of the current events that are affecting the tax preparation industry, tax law, and tax theory. Students in the past have found them to be enjoyable to do and it can spark some debates, some passion, some position standing, and the dilemma of right and wrong. The instructor does not demand perfection in your writing skills and composition, but he does look for some demonstration of awareness of the issues and problems. The essay can be 2 pages long, doubled spaced and using 12 point Arial or New Times Roman font for easy reading for the instructor. If the instructor determines that the student has not put out the proper attitude and effort to reasonably prepare an essay, it will receive an F or zero points. This essay is graded on a Pass/Fail basis.

The essay topic is:

 Essay 2:          Who is minding the store: Congress or the President? Read the US Constitution and determine who has the ultimate authority over the US budget which has been running in deficits for years? Why have there been federal budget stalemates? Why was there a “sequestration” put in place that went into effect January 2013? Why do presidents have so much power in determining the final federal budget? In your opinion, how would you try to fix the federal budget stalemates that have occurred in the past few years?

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