Congress recently approved a new, smaller budget for the IRS. What taxation concept evaluates the cost of administering our tax law?
A) Equity.
B) Certainty.
C) Economy.
D) Convenience.
E) None of the choices are correct.

Question

Quizplus · Accepted Answer

The taxation concept that evaluates the cost of administering our tax law is economy. This includes the cost of collecting taxes, enforcing tax laws, and providing taxpayer services. By approving a smaller budget for the IRS, Congress is evaluating the economy of administering our tax law.

Congress Recently Approved a New, Smaller Budget for the IRS