The pay-as-you-go feature of the Federal income tax on individuals conforms to Adam Smith's canon of convenience.

Question

Quizplus · Accepted Answer

Adam Smith wrote about the importance of convenience in tax collection in his book "The Wealth of Nations". The pay-as-you-go feature of the Federal income tax on individuals allows taxpayers to pay their taxes gradually throughout the year via paycheck withholding, making it more convenient for them to comply with tax laws. Therefore, it conforms to Adam Smith's canon of convenience.

The Pay-As-You-Go Feature of the Federal Income Tax on Individuals