Assignment Paper

General Guidelines:

For this assignment you need to adequately answer the following question below using both the assigned readings and your critical thinking skills.

All responses must be typed and conform to the following format: 12 PT. font, Times New Roman, 1 inch margins (on all sides), double-spaced. Your response must be at least 400+ words.

Only “.doc” and “.docx” file extensions (Microsoft Word) may be uploaded into Canvas. No other file types are permitted.

Responses should be written in paragraph form (do not use bullet-points!) and should be long enough to explore the topic thoroughly.

Both accuracy and creativity will be taken into account during the grading process. Writing style and structure are also key elements that will partly determine your grade. Please refer to the rubric at the bottom of the page for more details on how your response will be graded.

No outside sources are to be used for this assignment. Furthermore, the information you present should be taken exclusively from the assigned reading and your understanding of the reading. ONLY cite the assigned article/chapter. Do not cite the module notes, screencast videos or other chapters/articles not listed in this assignment!

Be sure to reference and cite the material directly (and substantially).

*Note- all citations must follow the ASA style guide in order to receive full points. Click HERE for more detail on how to cite your source work!

*Important: Your response must include direct or indirect reference/citation of the required material (i.e. the chapter listed below).

Failure to cite the specified reading is defined as plagiarism and will result in a grade of zero.

*No works cited page/bibliography is required for this assignment.

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Which reading is included on this assignment?

1) Heiner (2016)- chapter two

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Question:

1) Heiner (2016) chapter two: Explain how the American tax system has gone from “progressive” to “regressive” over the past 4 decades. As you explain the “regressive” system, please outline what Heiner means by the “effective tax rate” and how this leads to tax regression. Please provide at least 2 corporate examples of this process from Heiner’s chapter (e.g. General Electric, etc.). What is “investment income” and how does this help explain the regressive system? Finally, please explain how the current tax system increases inequality and weakens macroeconomic growth (i.e. GDP) potential. In doing so, focus on “consumption” (as outlined in the chapter section titled “Inequality: Bad for Business”).