Questions from General Taxation

Q: Give a brief history of the income tax in the United States

Give a brief history of the income tax in the United States

Q: What is a progressive tax? Why do you think the government

What is a progressive tax? Why do you think the government believes it is a more equitable tax than, say, regressive tax or proportional tax?

Q: What type of tax is a sales tax? Explain your answer

What type of tax is a sales tax? Explain your answer.

Q: Explain what is meant by regressive tax. Why the social security

Explain what is meant by regressive tax. Why the social security tax is considered a regressive tax?

Q: Define and compare these terms: average tax rate and marginal tax

Define and compare these terms: average tax rate and marginal tax rate.

Q: IRS rules for paid tax preparers apply to what types of tax

IRS rules for paid tax preparers apply to what types of tax professionals?

Q: Who must obtain a preparer tax identification number?

Who must obtain a preparer tax identification number?

Q: What is the most common way taxpayers pay their income tax liability

What is the most common way taxpayers pay their income tax liability during the year?

Q: For tax year 2015 what proportion of individual income tax returns was

For tax year 2015 what proportion of individual income tax returns was filed on a Form 1040EZ, Form 1040A and Form 1040? What proportion was electronically filed?

Q: Name the three types of tax rate structures and give an example

Name the three types of tax rate structures and give an example of each.