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Chapter 1 - Federal Taxation Questions 100% Solved
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After being reinstated in 1894; why was the income tax ruled unconstitutional in 1895? -ANSWER It was a direct tax and not apportioned in proportion to state populations which was a constitutional requirement at that time. What is the 16th Amendment (passed in 1913) to the constitution? -ANSWER The 16th amendment to the constitution made the federal taxation of individual constitutional. "The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration." Tax laws were codified into the ________ _______ ____ of 1939, 1954, and 1986/ -ANSWER Internal Revenue Code
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