SWFT Corp Partner Estates Trusts
42nd Edition
ISBN: 9780357161548
Author: Raabe
Publisher: Cengage
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The following are constitutional limitations on the power of taxation, except one: *
A. Public purpose
B. No imprisonment for non-payment of poll tax
C. Equal protection of law
D. Power of the President to veto items in a revenue bill
Which is an incorrect statement regarding taxes? *
a. Taxes are necessary for the continued existence of the government.
b. The obligation to pay tax does not rest upon the privilege enjoyed by or the protection afforded to the citizen of the government but upon the necessity of money for the support of the state.
c. There should be personal benefit enjoyed from the government before one is required to pay tax.
d. Taxes should be collected without unnecessary delay but its collection should not be tainted with arbitrariness.
e. Answer not given
What Issue do President Biden’s proposal have on the raise of corporate tax rate
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