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Essay

Tax Law and Accounting

Essay specific features

 

Issue:

Business

 

Written by:

Leslie W

 

Date added:

May 14, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

6 / 1421

 

Was viewed:

811 times

 

Rating of current essay:

 
Essay content:

This paper will discuss the objectives of modern tax law, the differences between Generally Accepted Accounting Principles (GAAP) and tax accounting as well as the differences between tax evasion and tax avoidance. Objectives of Modern Tax Law William Perez explains that income taxes are paid because the United States has to pay for such expenses as "schools, roads, hospitals, the military, government employees, national parks, and so forth" (2007, ¶ 2) and the process in which the United States pays for these expenses is through income taxes...
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The United States requires that the people and companies with earned income pay to the government a portion of the income earned. This portion of earned income paid to the government helps to pay for the many expenses needed by our society. The process in which income taxes are paid is simple. Tax laws are written by the President and Congress of the United States...
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