Sunday, May 12, 2019
There Are Taxes to Be Paid Research Paper Example | Topics and Well Written Essays - 1250 words
There Are Taxes to Be Paid - Research Paper physical exertionuired that the unmediated taxes that are collected by the federal disposal should be apportioned to the States, in abidance with their population numbers (Buenker, 1981). Further, the Sixteenth Amendment to the U.S. piece granted the federal government the powers to collect the taxes without regard to the furnish of Clause 4 of Section 9 in the Article I of the USA constitution, which required that the hookup of direct taxes should be done with regard to a census or enumeration (Jensen, 2001).Therefore, the basic t salient points of the Sixteenth Amendment to the U.S. Constitution areThe Sixteenth Amendment to the U.S. Constitution gave the congress, and consequently the federal government the right wing to collect taxes from whichever sources that an income was being generated by the American public (Buenker, 1981). Thus, it was now within the discretion of the federal government to apply tax towards the incomes that individuals were earning from their payroll incomes, where the federal government set the minimum taxable labor income at $3000. In addition, the federal government gained the right to impose tax on gains derived from capital (Jensen, 2001). In this respect, the lucre in relation to properties owned by individuals or corporations would now pass for taxation, including the profits obtainable when much(prenominal) capital properties are sold or when they change hands.The other basic tenet of the Sixteenth Amendment to the U.S. Constitution is that the federal government gained the right to use the direct taxes obtained from the various sources in whichever way it deemed necessary (Buenker, 1981). This provide was a desertion from the provisions of the article I of the U.S. Constitution, which provided that the federal government should apportion all the direct taxes it collected to different States, based on the population numbers of each state, such that the States with a high p opulation would be apportioned a higher amount of the direct taxes
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.