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1 pages/≈275 words
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Style:
APA
Subject:
Accounting, Finance, SPSS
Type:
Essay
Language:
English (U.S.)
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MS Word
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$ 5.27
Topic:
Inflation Reduction Act
Essay Instructions:
Focusing on this year, is there any provision in the Inflation Reduction Act passed in August 2022 that you would or would not communicate with your clients, and if so how would you go about doing that?
Essay Sample Content Preview:
Inflation Reduction Act
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Inflation Reduction Act
The action by President Biden to sign the inflation reduction Act into Law in 2022 has ultimately led to mixed reactions among united states taxpayers, who include individuals and businesses. This is a major victory for the president's efforts to reduce the high deficient rate and inflation. Part of the provisions in the Act is Tax provisions stipulating that large corporations will be required to pay more taxes. This is more of a popularist approach to taxation. After years of budget cuts, there is hope this Act will dramatically increase funds for the Internal Revenue Service (IRS). This provision is estimated to raise over $ 300 billion over the next decade. Considering that most large organizations have been evading taxes by paying absolutely zero taxes, this...
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