Buy custom Tax Law: A Broader Perspective
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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 869 |
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Simply put, this means that taxes can be placed upon earnings from rent just as they can be from professional effort.
Amendment sixteen, however, is merely one facet of the taxation objective; another important purpose of taxation in modern times is to govern ownership of private property. Though modern, this system dates back to feudal Britain and has, like income taxes, faced several changes over the centuries...
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Though modern, this system dates back to feudal Britain and has, like income taxes, faced several changes over the centuries. One of the most important changes took place during the California Tax Revolt of 1978. Congressional response to this contention produced the following results: limited property taxes to one percent of full cash value, required property to be valued at its value on March 1, 1975 or on the date it changes hands or is constructed after that date, limited subsequent value adjustment in value to 2 percent per year or the rate of inflation, whichever is lesser...
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