Asked by Apple joy!!! on Apr 28, 2024
Verified
The government uses the tax system to collect revenue and to incentivize people to act in ways it deems beneficial.
Tax System
The organized structure and set of rules under which taxes are collected by a government from individuals and businesses.
Incentivize
Incentivize refers to the practice of offering rewards or incentives to encourage certain behaviors or actions.
- Identify the motivations and purposes for special tax treatment and exemptions.
Verified Answer
PM
Paige MedingerApr 30, 2024
Final Answer :
True
Explanation :
This statement is true. The government has the authority to collect taxes from its citizens and uses this system to fund public goods and services. Additionally, taxes can be designed to encourage certain behaviors, such as tax credits for homebuyers or deductions for charitable donations.
Learning Objectives
- Identify the motivations and purposes for special tax treatment and exemptions.
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