Could a Taxpayer Make Such a Small Amount of Income

question 5

Essay

Could a taxpayer make such a small amount of income that a tax return not be filed and still have an unlimited statute of limitations on assessment?

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Definitions:

Lack

The state of being without or not having enough of something; deficiency or absence.

Right to Tax

The legal authority granted to governments to collect taxes from individuals and businesses within its jurisdiction.

Whig Leader

A political leader associated with the Whig Party, historically advocating for parliamentary supremacy and against absolute monarchy.

William Pitt

A British statesman of the 18th century known as William Pitt the Younger, who served as Prime Minister of Great Britain and is known for his leadership during the Napoleonic Wars.