The Majority of Dollars Collected by the U

question 23

True/False

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

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Definitions:

Three-Fifths Compromise

An agreement made during the 1787 United States Constitutional Convention that counted three out of every five slaves as a person for the purposes of taxation and representation in Congress.

Representation

The action of speaking or acting on behalf of someone or the state of being so represented.

Revolutionary War Debt

Revolutionary War Debt refers to the financial obligations incurred by the United States during the American Revolutionary War, which the government sought to repay post-war.

Income Taxes

Taxes imposed by the government directly on individuals' or entities' income, increasing as the taxable amount increases.