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Tax Law and Accounting
Essay specific features


Written by:
Daniel S
Date added:
October 8, 2014
Level:
University
Grade:
A
No of pages / words:
5 / 1158
Was viewed:
5857 times
Rating of current essay:
Essay content:
It ruled that the portion of the income tax that applied to income on property was a direct tax that, under the United States Constitution, could not be levied without apportioning the tax by population. In 1913, the states ratified the Sixteenth Amendment to the United States Constitution, which made possible modern income taxes (Taxation)...
displayed 300 characters
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Objectives of the income tax statutes are to raise resources for the government, to reduce the inequalities of income in the economy, to promote the balanced development, and to give thrust to the strategic sectors of the economy for economic development (Pope, Anderson, and Kramer).
If the economy is in recession, then the tax credit and tax cuts will increase the disposable income and thus increase the overall production of the economy...
displayed 300 characters
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