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My BIOL 1125 instructor’s name is

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With respect to stock buyback taxes, which of the following are correct:

The Alternative Minimum Tax (AMT) on US corporations implemented in 1986 tended to hit companies during recessions and after large capital investments, disincentivizing investment in plant and equipment. It was repealed as part of the 2017 TCJA due to these harmful effects and because it was costly for both taxpayers and the IRS to calculate and it raised little revenue.

A tax on the purchase and sale of equity securities is called a financial transactions tax.

Windfall profits taxes are justified on the theory that if a business has already made an investment and is enjoying a greater return on the investment than originally expected, taxing the excess return will not have much impact on economic growth in the short term.

With respect to windfall profits taxes, which of the following are correct:

The US Federal government (lawmakers) have created more than 200 tax deductions and credits that benefit either individual and/or corporate taxpayers.

Exempting industries or products from taxation can lead to market distortions and benefit wealthy and poor consumers alike. 

“Wealth” is not cash, especially if it is in the form of corporate stock that can rise and fall with the market.