PPT_for_Section_4

PPT_for_Section_4 - ACC 200 Fall 2010 Section 4: Tax Roby...

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ACC 200 Fall 2010 Section 4: Tax Roby B. Sawyers, CPA, Ph.D. College of Management
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To record your attendance, click on “1” 2 30 1. Yes, I am here today! Answer Now
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3 Primary Topics The Structure of Taxes Tax Bases and Tax Rates Individual Income Taxes Corporate Income Taxes Marginal and Average Tax Rates Taxable vs. Nontaxable (municipal) bonds
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4 Tax Base Transaction Taxes (Sales and excise taxes, employment taxes and the federal estate and gift tax) Property taxes (on both real property (your home) and personal property (your car) Income taxes (individual and corporate)
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5 Tax Rates Progressive Tax rate increases as base increases Proportional (or flat taxes) Tax rate stays the same as base increases Regressive Tax rate goes down as tax base increases
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What type of tax do you think is the most fair? 6 1 2 3 0% 0% 0% 20 1. Progressive 2. Proportional (Flat) 3. Regressive Answer Now
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7 Individual Income Tax See Formula on Page 74 and
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PPT_for_Section_4 - ACC 200 Fall 2010 Section 4: Tax Roby...

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