Explain the additional functions served by the collection of taxes other than the generation of revenue
What will be an ideal response?
Although the collection of taxes is essential for the generation of revenue needed to provide essential government services, taxes can be used to serve additional functions. For example, the government may wish to encourage the development of certain industries and discourage the development of others, so it may provide tax credits for firms entering the favored industries. As long as the "motive of Congress and the effect of its legislative action are to secure revenue for the benefit of the general government," the tax will be upheld as constitutional. The fact that it also has what might be described as a regulatory impact will not affect the validity of the tax.
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Which of the following federal acts substantially amended federal bankruptcy law in 2005?
A) Bankruptcy Reform Act B) Bankruptcy Abuse Prevention and Consumer Protection Act C) the Nelson Act D) the Chandler Act
The basic purpose of packaging is to create eye appeal.
Answer the following statement true (T) or false (F)
The target return objective and profit maximization objective are both profit-oriented objectives.
Answer the following statement true (T) or false (F)
Which of the following statements is true about superagencies?
A. Advertisers who became disenchanted with the superagencies moved to smaller agencies that were flexible and more responsive. B. They were formed so that agencies could provide clients with effective supply chain management. C. Advertisers who generally worked with superagencies converted them into in-house agencies to gain greater flexibility and objectivity. D. They were formed so that agencies could provide clients with just-in-time inventory management systems. E. They were formed when large advertising agencies were broken down into smaller, more specialized agencies.