Concepts in Federal Taxation 2018
Quiz 1: Conceptual Foundations of Tax Law
Horizontal equity exists when two similarly situated taxpayers are taxed the same.
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Congress is required to insure that the tax law has the following characteristics: equality,certainty,convenience,and economy.
The marginal tax rate is the rate of tax that will be paid on the next dollar of income or the rate of tax that will be saved by the next dollar of deduction.
A regressive tax rate structure is defined as a tax in which the average tax rate decreases as the tax base increases.
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