Exam (elaborations)
TAXATION LAW
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03-07-2024
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Congress passed a sin tax law that increased the tax rates on cigarettes by 1,000%. The law was thought to be sufficient to drive many cigarette companies out of business, and was questioned in court by a cigarette company that would go out of business because it would not be able to pay the increased tax. The cigarette company is __________ (1%) (2013 Bar Question) (A) wrong because taxes are the lifeblood of the government (B) wrong because the law recognizes that the power to tax is the power to destroy (C) correct because no government can deprive a person of his livelihood (D) correct
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Institution
RN - Registered Nurse
Course
RN - Registered Nurse
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- RN - Registered Nurse
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- RN - Registered Nurse
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- Uploaded on
- July 3, 2024
- Number of pages
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- Written in
- 2023/2024
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- Exam (elaborations)
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- Questions & answers
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