In Connection with Facilitating the Function of the IRS in the Administration

question 105

Essay

In connection with facilitating the function of the IRS in the administration of the tax laws, comment on the utility of the following:
a. An increase in the amount of the standard deduction.
b. Dollar and percentage limitations on the deduction of personal casualty losses in Federally declared disaster areas.
c. Availability of interest and penalties for taxpayer noncompliance.

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Definitions:

Antifederalists

Individuals or groups opposed to the creation of a stronger U.S. federal government and the ratification of the Constitution in 1787, advocating for more power to states.

Bill of Rights

A collective term for the first ten amendments to the United States Constitution, guaranteeing such rights as freedom of speech, assembly, and worship.

Federalists

A political group in early U.S. history that advocated for a strong federal government and supported the ratification of the U.S. Constitution.

Constitution

Core guidelines or traditional practices based on which a country or any organization operates.