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WGU C237 Taxation I Questions & Answers(RATED A)
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Describe the history of taxation in the US -ANSWER unconstitutional 1895 Sources of Tax Law-Legislative Branch -ANSWER - Internal Revenue Code (Top) - Congressional Committee Reports Describe the criteria of an equitable tax structure Equity -ANSWER Is it Fair Simplicity -ANSWER understandability Economy -ANSWER minimal compliance and administrative costs - Convenience -ANSWER no burden of records and compliance Certainty -ANSWER Stability and certainty of amount of taxes Regressive -ANSWER decreases as tax base increases Proportional -ANSWER flat tax
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