Which of the following is not true of the corporate income tax?
a. It was legislated nationally in 1809 as an excise tax for the privilege of doing corporate business.
b. It was first implemented at the state level in Wisconsin.
c. Corporate income tax revenue to the federal government is now at an all-time high.
d. Corporate income taxes may be viewed as increasing the final cost of goods to the end consumer.
e. Corporate taxes have been called double taxation.
(Correct answer: c)
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Fill in the blank(s) with correct word
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