Some tax rules can be justified on multiple grounds (e.g economic and social). In this connection,...

Some tax rules can be justified on multiple grounds (e.g economic and social). In this connection, comment on the possible justification for the rules governing the following:

A. Pension

B. Education

C. Home ownership

Expert Solution

Ans:

A) Pensions Plans: Pension Plans actually can be categorized under Social grounds, because reason being is simple that in the absence of pension plans the employees who retire will actually have to live off on a very little social security income. Hence for this reason we can say that Pension plans can be categorized under Social grounds.

B) Education: Education can also be categorized under social grounds, reason being simple is that through the education one can attain a good job and thus will be earning handsomely and will be spending as well. Hence, it can be categorized under social grounds.

C) Home Ownership: Home ownerships actually can be categorized under social and economic grounds as well, here, also, reason being is very simple that home actually can be treated as an investments and at the same time it provides the social stability and deep rooted connections towards the community.

ekkarill92 answered 1 year ago

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