Write a six to eight (6-8) page paper in which you:
- Research the manner in which tax-deductible losses originally became part of the U.S. Tax Code. Conclude whether or not tax-deductible losses overall are reasonable. Provide support for your conclusions.
- Suggest what you believe to be a significant tax-deductible loss. Discuss whether or not the deductibility of this loss harms other taxpayers in general. Recommend changes to this tax-deductible loss you would make that would be fairer to all taxpayers.
- Choose a type of loss that is not deductible, and argue whether these losses should continue to be disallowed, or why they should be allowed. Provide support for the rationale.
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