A Tax on the Value of Automobiles, Boats, or Furniture

question 11

True/False

A tax on the value of automobiles, boats, or furniture can also be referred to as an investment tax.

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Definitions:

Precedent

A tool used by judges to make rulings on cases on the basis of key similarities to previous cases.

Arbitration

A method of dispute resolution where an impartial third party (the arbitrator) makes a decision to resolve the issue, which is usually binding on the parties.

Law

A system of rules that are created and enforced through social or governmental institutions to regulate behavior.

Discrimination

Unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex.