the majority of dollars collected by the U.S. government come by way of corporate taxation

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the majority of dollars collected by the U.S. government come by way of corporate taxation

business accounting

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Answer 1

Answer #1

The statement is true since majority of the taxes collected by the government are through corporate taxes reason being:

1. corporate tax rate is the highest amongst direct taxes

2. Corporate profits and tax thereon is higher than individual incomes

3. There are lesser deductions and rebates in corporate taxation.

4. The scrutiny and audit of corporate taxes is higher which results in lesser avoidance of tax.

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Answer 2

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the majority of dollars collected by the U.S. government come by way of corporate taxation

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