Tag: Distribution of the tax burden
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Taxable Income
All income classified as earned income within the meaning of Section 911 of the Internal Revenue Code of 1954 (26 U.S.C.S. §911) is taxable. Income is the excess of incoming receipts over outgoing expenditures. See United States v Basye, 410 U.S. 441, 93 S. Ct. 1080.
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Basis of Tax Assessment
Hierarchical Display of Basis of tax assessment Finance > Taxation > Fiscal policy > Distribution of the tax burdenFinance > Taxation > Tax system > Taxable income Meaning of Basis of tax assessment Overview and more information about Basis of tax assessment For a more comprehensive […]