The Assignment of Income Doctrine Indicates That

question 13

Multiple Choice

The assignment of income doctrine indicates that:

• A)Income from a transaction must be taxed to the person who receives the cash from the transaction.
• B)Income from a transaction must be taxed to the person who reports the transaction on his or her tax return.
• C)Income from a transaction must be taxed to the person that earns the income.
• D)None of the above

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Definitions:

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The Road To Serfdom

A book by Friedrich Hayek warning of the danger of tyranny that inevitably results from government control of economic decision-making through central planning.

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An increase in the size and scope of government activities, often measured in terms of spending, intervention, or regulatory actions.

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