hi, thanks for the time to answer my 1 question is long question but they are al
ID: 2330768 • Letter: H
Question
hi, thanks for the time to answer my 1 question is long question but they are all related tell me if this is (TRUE/ FALSE) this was in a chart i answer some just need some verification to be sure if its correct thanks hope you get it all!
-CHANGES IN THE TAX LAW INTENDED TO MAKE THE MEASUREMENT OF TAXABLE INCOME MORE PRECISE USUALLY MAKE THE TAX LAW LESS COMPLEX. -ACCORDING TO THE CLASSICAL CONCEPT OF EFFICIENCY, AN EFFICIENT TAX SHOULD BE NEUTRAL IN ITS EFFECT ON FREE MARKET ALLOCATIONS OF ECONOMIC RESOURCES?.=TRUEE -I KNOW TREASURY REGULATIONS ARE TAX LAWS WRITTEN BY THE TREASURY DEPARTMENT?=TRUE -A BUSINESS THAT OPERATES IN MORE THAN ONE STATE IS REQUIRED TO PAY STATE INCOME TAX ONLY TO THE STATE IN WHICH IT IS INCORPORATED=NO THIS IS FALSE -THE FEDERAL GOVERNMENT COLLECTS MORE REVENUE FROM THE CORPORATE INCOME TAX THAN FROM THE INDIVIDUAL INCOME TAX.=THIS IS FALSE. -STATE USE TAXES ARE MORE CONVENIENT FOR INDIVIDUAL CONSUMERS THAN STATE SALES TAXES=I GUESS TRUE ? -IF A TAX HAS A PROPORTIONATE RATE STRUCTURE, A TAXPAYER'S MARGINAL RATE AND AVERAGE RATE ARE EQUAL=VERY TRUE. THE THEORY OF DISTRIBUTIONAL JUSTICE IS A RATIONALE FOR A PROGRESSIVE INCOME TAX SYSTEM. -ACCORDING TO THE UNITED STATES SUPREME COURT BUSINESSES THAT SELL OVER THE INTERNET MUST COLLECT SALES TAX ONLY FROM PURCHASERS LIVING IN THE STATE IN WHICH THE BUSINESS HAS A PHYSICAL PRESENCE.=TRUEE -The person who pays a tax directly to the government always bears the economy incidence of the tax= faaalsee. purchasers of consumer goods through the mall are responsible for paying use tax on goods for which sales tax was not collected by the seller=false
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Explanation / Answer
1) Changes in the tax law intended to make the measurement of taxable income more precise usually make the tax law less complex. FALSE Increased precision in the measurement of taxable income usually increases tax law complexity. 2) According to the classical concept of efficiency, an efficient tax should be neutral in its effect on free market allocations of economic resources TRUE 3)TREASURY REGULATIONS ARE TAX LAWS WRITTEN BY THE TREASURY DEPARTMENT TRUE 4)A BUSINESS THAT OPERATES IN MORE THAN ONE STATE IS REQUIRED TO PAY STATE INCOME TAX ONLY TO THE STATE IN WHICH IT IS INCORPORATED FALSE The State require payment of income tax on any income earned by the business within the state boundaries. 5)THE FEDERAL GOVERNMENT COLLECTS MORE REVENUE FROM THE CORPORATE INCOME TAX THAN FROM THE INDIVIDUAL INCOME TAX. FALSE Around 80% comes from the individual income tax and the payroll taxes that fund social insurance programs another 9 percent comes from the corporate income tax, and the rest is from a mix of sources. 6) State use taxes are more convenient for individual consumers than state sales taxe FALSE State sales taxes are more convenient because they are collected by the seller. Consumers must pay use taxes directly. 7) IF A TAX HAS A PROPORTIONATE RATE STRUCTURE, A TAXPAYER'S MARGINAL RATE AND AVERAGE RATE ARE EQUAL TRUE 8)THE THEORY OF DISTRIBUTIONAL JUSTICE IS A RATIONALE FOR A PROGRESSIVE INCOME TAX SYSTEM. TRUE 9) ACCORDING TO THE UNITED STATES SUPREME COURT BUSINESSES THAT SELL OVER THE INTERNET MUST COLLECT SALES TAX ONLY FROM PURCHASERS LIVING IN THE STATE IN WHICH THE BUSINESS HAS A PHYSICAL PRESENCe TRUE 10) The person who pays a tax directly to the government always bears the economy incidence of the tax FALSE 11) Purchasers of consumer goods through the mail are responsible for paying use tax on goods for which sales tax was not collected by the seller TRUE
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