WGU C237 Taxation I Review | 140 Questions with 100% Correct Answers | Verified | Latest Update | 20 Pages

After the reinstatement of the individual federal income tax in 1894, why was the tax challenged in the courts? - Administration would be difficult since the tax was apportioned in proportion to state populations What are two primary sources of tax law in the United States? - Revenue Rulings, Court Decisions, Internal Revenue Code, Congressional Committee Reports, Income Tax Regulations, Revenue Procedures, and letter rulings What is a primary source of tax law in the United States? - Internal Revenue Code, or IRS Publications What is a desirable characteristic when evaluating a tax system? - Tax rules and regulations are changed frequently What is horizontal Equity? - the notion that similarly situated taxpayers should be treated equally What is Vertical Equity - Implies that taxpayers who are not similarly situated should be treated differently.