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    Federal Taxation
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    Exam 1: An Introduction to Taxation and Understanding the Federal Tax Law
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    Congressman Smith Wants to Impose a New Tax on Sugar
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Congressman Smith Wants to Impose a New Tax on Sugar

Question 136

Question 136

Essay

Congressman Smith wants to impose a new tax on sugar drinks. Analyze this proposal against the principles of equity, simplicity and neutrality.

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Equity - The tax is regressive in that i...

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