Raquel Recently Overheard Two Journalism Students Discussing the Merits of the Federal

question 105

Essay

Raquel recently overheard two journalism students discussing the merits of the federal tax system.One student offered as an example of unfairness the spouse of a well-known politician who paid little income tax as most of the spouse's income was earned in the form of municipal bond interest.What type of taxes is the journalism student considering in his example? What type of taxes is he ignoring? Define each type of tax.What role does each type of tax play in calculating relative tax burdens? What role does each type of tax play in evaluating fairness?

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Definitions:

Gerontology

The study of the aging process, including the biological, psychological, and social aspects of aging.

Primary Aging

The natural, biological process of aging that is genetically programmed and inevitable.

Secondary Aging

The decline in physical and mental capacity resulting from lifestyle behaviors and environmental factors rather than genetic programming.

Tertiary Aging

The decline in physical and cognitive function that occurs due to diseases and poor health habits rather than normal aging.