What are tax preferences? How does the government justify tax preferences ?© BrainMass Inc. brainmass.com December 15, 2020, 9:30 pm ad1c9bdddf
Tax preferences refer to those items that are coded in the tax law that the tax payer must include when computing the Alternative Tax Rate. These items could include: personal exemptions, private activity bond interest, depreciation of property, intangible drilling costs, municipal bond interest and many other ...
The solution explains tax preference. Government justified tax preference is discussed.