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What are tax preferences? How does the government justify tax preferences ?

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The solution explains tax preference. Government justified tax preference is discussed.

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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 ...

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Edwin Sinclar, MBA
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  • MBA, Aspen University
  • Bachelor of Science , Berea College
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