Although the Primary Purpose of a Tax System Is to Raise

question 71

Essay

Although the primary purpose of a tax system is to raise revenue, Congress uses the federal tax system for other purposes as well. Describe the other ways in which Congress uses the federal tax system. Be specific.

---

Definitions:

Opportunity Cost

The value of the best alternative foregone as a result of making a decision.

Sports Physicals

Medical examinations undertaken by athletes to assess their health and fitness levels before participating in sports activities.

Backward Bending

Refers to the backward bending supply curve of labor, indicating that higher wages can lead to a decrease in labor supply beyond a certain point.

Corinthian Column

A classical column style characterized by its ornate capital decorated with acanthus leaves, used in Greek and Roman architecture.