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Congress uses the tax code to influence our behavior. Examplesinclude deductions for mortgage interest...

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Accounting

Congress uses the tax code to influence our behavior. Examplesinclude deductions for mortgage interest and property taxes tosteer people to home ownership instead of renting. Tax credits forpurchasing products that use alternative energy are anotherincentive. Likewise, deductions for charitable contributionsencourage charitable donations. Is this a good (i.e., proper) wayfor Congress to achieve economic objectives? Can you identify othertax deductions or tax credits that encourage particularbehaviors?

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Answer Pretty much everybody who has rounded out a government form knows how confounded duty code has moved toward becoming Some portion of that confusion originates from the way that the administration utilizes the expense code to empower certain practices from purchasing a house to holding a solid employment While the main objective of the US charge code is to fundraise to finance the administration a considerable lot of the expense attributes and assessment findings are intended to compensate certain    See Answer
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Transcribed Image Text

In: AccountingCongress uses the tax code to influence our behavior. Examplesinclude deductions for mortgage interest and...Congress uses the tax code to influence our behavior. Examplesinclude deductions for mortgage interest and property taxes tosteer people to home ownership instead of renting. Tax credits forpurchasing products that use alternative energy are anotherincentive. Likewise, deductions for charitable contributionsencourage charitable donations. Is this a good (i.e., proper) wayfor Congress to achieve economic objectives? Can you identify othertax deductions or tax credits that encourage particularbehaviors?

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