The Internal Revenue Service's Cost of Collecting $100 of Tax

question 19

True/False

The Internal Revenue Service's cost of collecting $100 of tax revenue is about $3.

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Definitions:

Contract

A pact between two or more parties that is recognized and enforceable by law.

Immoral

Behavior or actions that are considered to be in violation of ethical principles or social values.

Public Interest

The welfare or well-being of the general public, considered as a guiding principle in legislative, judicial, and administrative actions.

Void

In legal terms, Void refers to something that is legally null, without legal effect, or unenforceable from the outset.