Accounting Question

You will initiate your own post by asking a question that relates to the post you will write (that will address the topic in my post). The post has to have a curiosity score of at least 60.Respond to two questions posted by your classmates.

Packback Assignments:
Do you believe that tax incentives focused on sustainability are effective?
The tax law provides many incentives to encourage consumers and investors to
invest in green/sustainable products and processes. These incentives can be in
the form of deduction and/or credits. Do you believe that these incentives are
effective? Should the government have more of these incentives or less? Why
1. submit your own original question
A. What is your question?
B. Add a Description (Minimum 300 words)
C. Cite your Source
2.submit a response to two other questions posed that week by your classmates!
To receive full credit, you should make all of your submissions achieve a curiosity
score of at least an 80 out of a 100. Here are a few things to ensure that you reach
an 80:
Don’t have spelling errors
Use paragraph breaks (don’t type one long 350 word paragraph)
Include a link to an external source
Add a description (where you insert your text)
If your curiosity score is less than 80, just click on the “options” tab and edit
your submission until you get it to an 80 or higher.
Classmates #1
Can tax incentives create a green environment
for schools, business, and individual’s?
Tax incentives to promote a green environment will be effective. Allowing society to gain a tax break from supporting a
clean environment is a positive move. Taxpayers can create an energy efficient home and reduce the cost of high
energy bills by installing solar panels, solar water heaters. Wind turbines, and geothermal heat pumps. These home
improvement efficiencies cannot only improve the environment, but also save your pocket book 30% at tax time. The
green tax concept is a great start to improve the quality of help for everyone. Schools can also benefit from green tax
incentives. Schools can transition to electric buses instead of the diesel gas that pollutes the air. Also, update the
cooling and heating systems in the schools to promote a green environment. Business will benefit from the green tax
incentive by making efficiency improvements to their organization.
Source: Your guide to going green for business tax incentives | Maximus
New tax credits help schools go green (environmentamerica.org)
Federal Tax Credits for Energy Efficiency | ENERGY STAR
Classmates #2
How do we measure the cost and profit of these
tax incentives?
Implementing and purchasing environmental projects and products can be costly. These incentives can help individuals
and companies offset the cost of those activities and encourage them to choose sustainable products. I believe these
incentives are effective and will help to promote sustainability to a certain extent. The IRS offers green tax or
environmental, social, and governance tax incentives to encourage individuals and companies to make
environmentally friendly choices and discourage those that could negatively impact the environment. Should we have
more of these incentives? Yes, but it will not be effective for the general public since these incentives tend to cost more
upfront for individuals and businesses, and only certain groups can afford to implement and purchase sustainable
projects and products. For example, not everyone can afford solar panels on their roof because of high initial costs and
a long recouping period. Even with incentives from the government, it is still out of reach for most people. It would take
them years to recoup the initial cost.
Source: Carbon Taxes: Green Tax & Climate Change Tax Reforms | Tax
Foundation
Green taxes and incentives can help businesses achieve ESG goals
(strategy-business.com)