"Trust the People, Then Leave Them Alone" Is a Principle

question 7

Multiple Choice

"Trust the people, then leave them alone" is a principle of __________.

• A) Confucianism
• B) Daoism
• C) indigenous religions
• D) Islam
• E) Theravada Buddhism

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Definitions:

Understatement

The act of reporting less income or fewer assets than actually exist, often resulting in a lower tax liability but potentially leading to penalties if deliberate.

Fraud

An intentional deception made for personal gain or to damage another individual.

25%

A rate or portion equal to one fourth or 25 out of 100 parts in a given context, often related to taxes, discounts, or interest rates.

Tax Liability

The total amount of tax owed by an individual or entity to the tax authorities.