Congress passed the alternative minimum tax in order to
A) impose a tax on needy families without taxing their actual income.
B) keep individuals from exploiting deductions and credits to cut their income tax below what is appropriate for their income.
C) prevent large corporations from offshoring to reduce their taxes.
D) reduce the tax burden on low income families.
E) reduce the tax burden on the wealthy.
Correct Answer:
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Q30: The rate on one's last dollar of
Q31: Subtracting the interest on a mortgage from
Q32: A tax credit is a sum that
Q33: The complexity of the tax codes is
Q34: The alternative minimum tax is the parallel
Q36: Tax systems that operate by taking proportionately
Q37: Taxes that apply to net income or
Q38: Because the poor pay a greater portion
Q39: Sales taxes are established by
A) Congress.
B) states
Q40: Most of the tax on gasoline is
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