Assignment Name: Unit 2 Discussion Board
Deliverable Length: 150-word minimum
Details: Your managing director asks if you can participate in a seminar that the firm is doing on tax efficient financial planning. He would like you to send him, in memo form, the various types of vehicles that can be used by clients to reduce the various kinds if taxation. Prepare a memo to the managing director that explains the different vehicles available that can be used for each of the following:
* Minimize income tax
* Minimize capital gains tax
* Minimize estate tax
Concentrate on the vehicles, not the strategies because another of your colleagues will be summarizing those.
In your own words, please post a response to the Discussion Board and comment on other postings. You will be graded on the quality of your postings. Minimum of 5 in-text citations with references APA format. For assistance with your assignment, please use your text, Web resources, and all course materials. Please refer to the following multimedia course material(s): * Unit 2: The Effect of Taxation on the Economy * Unit 2: Wealth Creation & Inflation * Unit 2: Present Value of Future Income Points Possible: 50 Date Due: Sunday, Feb 20, 2011 # Objective: Apply a core of economic principles and reasoning to a variety of applied topics # Match a core of economic principles and reasoning to a variety of applied topics Submitted Files: Discussion Board Score: N/A Instructor Comments: Financial vehicles are the financial assets that can be purchased to "to carry you" to your financial objective. Understand each of the taxes and learn how to avoid paying these taxes. Use search engines. The textbook has insufficient information on the topics; avoid using sources that do not provide the author's name or the name of the sponsor. However, for this DB, I anticipated that you will use sources that do not provide the author's name. If you use a source, you must be responsible for the reliability and the validity of the information. Hence, it is usually best to use at least two different sources to confirm your information. Initial post must be at least 150 words. Write the assignment in MS Word; use Microsoft Word Count ( MS Word 2007 Word Count is found in menu under Review in MS Word 2007.) If you want a critique of current macro theory along with some discussion of financial vehicles, see "What Keynes Missed and Krugman is Missing: The Short/Long Choice" by David Vines, Agenda, vol 17 no 1, 2010 Taken on September 20, 2010 from http://epress.anu.edu.au/agenda/017/pdf/keynes.pdf. Holding financial assets can be used to reduce your tax liability, but these decisions are based on evaluating the future and present value of assets. The Central Bank controls the interest rate and therefore our evaluation of present value. See Course Materials for Unit 2