Accurate measurement of taxable income is the only objective of the federal income tax laws.

Name: Accurate measurement of taxable income is the only objective of the federal income tax laws.
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While accurate measurement of taxable income is one objective of the federal income tax laws, it is not the only objective. Other objectives include promoting economic policies, providing incentives for certain behaviors (such as charitable giving), and ensuring fairness in the tax system.

Accurate Measurement of Taxable Income Is the Only Objective of the Federal