Answer:
The overall system of taxation in the United States is progressive. By a progressive tax system, we mean that the percentage of income an individual pays in taxes tends to increase with increasing income. Not only do those with higher incomes pay more in total taxes, they pay a higher rate of taxes hope this helps
Explanation:
Social studies is always confusing. Get used to it.
Answer:
Explanation:
The effect would ultimately be the same as if an oil spill happened in the local river and/or ocean. Water and Oil do not mix and the oil becomes thick and remains on top of the water. Water ultimately drags the oil with it and eventually into the river and ocean. There the oil will cause oxygen from passing through the water, therefore killing all local plants in and near the rivers as well as causing harm to local animals that bathe and drink in the contaminated water
On an involuntary conversion in which the taxpayer does not buy replacement property within the replacement period, the gain on the involuntary conversion and any tax due must be reported in the year the involuntary conversion occurred.
Who are taxpayers?
A taxpayer is anyone who owes taxes to the federal, state, or municipal governments, whether they are an individual or a corporation. Governments primarily obtain their funding through taxes, which are levied on both citizens and companies. Annual income tax obligations vary for people and businesses.
What is an involuntary conversion?
When your property is lost, taken, condemned, or disposed of under threat of condemnation and you receive other property or cash as payment, such as insurance or a condemnation judgment, this is known as an involuntary conversion. Exchanges that occur unintentionally are also known as forced conversions.
How can a taxpayer defer a gain on an involuntary conversion?
A taxpayer has the choice to choose section 1033 deferral after revealing the gain from an involuntary conversion by including a refund claim on an amended gain-year return. This statement and the actual election are clearly distinguished by the FSA, and as a result, each has a different statute of limitations.
Learn more about involuntary conversion: brainly.com/question/22715288
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Answer:
b. judicial activism, because it was based on a constitutional right to privacy that is not found in the actual words of the Constitution.
Explanation:
Judicial activism is a concept developed in 1947 by an American historian called Arthur M. Schlesinger, Jr. it simply talks about a description of a judicial decision made in a law court, in which the judge is more concerned with deciding constitutional issues and invalidating executive or legislative actions.
A clear example of this is the Roe v. Wade case where the supreme court of the United States of America rightly established on January 22, 1973, a woman’s legal right to have an abortion.
