Personal Income Tax" Please respond to the following: From the second e-Activity, analyze the impact of the expiration of the Bush tax cuts on personal income tax rates. Take a position on whether the Bush tax cuts be extended on a temporary or permanent basis for individuals. Provide a rationale for your answer Analyze the progressive nature of the U.S. federal income tax rate structure. Explain the political philosophy that drives a progressive tax rate structure. Identify how this supports or contradicts the existence of state-run lotteries. Ans: The Bush tax cuts have the widest impact affecting personal income, capital gains and dividends. Expiration of the Bush tax cuts would mean the taxes would increase for households and Middle-income households. A key goal of...