文档介绍：Chapter 1
An Introduction to Taxation
Learning Objectives
• Discuss the history of taxation
• Differentiate between three types of tax rate structures
• Describe the various types of taxes
• Discuss what constitutes a “good” tax structure
•Describe the tax entities in the federal e tax system
Learning Objectives
• Identify the various tax law sources and understand their implications for tax practice
• Describe the legislative process for the enactment of the tax law
• Describe administrative procedures under the tax law
• Describe ponents of a tax practice and understand importance of research process puter applications in taxation
History Of Taxation In The United States
• First Federal e Tax in 1861
• Reinstated in 1894
History Of Taxation In The United States
• In 1895, the Supreme Court Ruled Unconstitutional
• March 1, 1913, the Sixteenth Amendment
• Revenue Acts From 1913 to Present
Sixteenth Amendment To The Constitution Of The United States
• The Congress Shall Have Power to Lay and Collect Taxes on es, From Whatever Source Derived, Without Apportionment Among Several States, and Without Regard to Any Census or Enumeration.
Manner In Which Tax Law Is Changed Or Modified
• Federal e tax is changed on an incremental basis rather than plete revision.
• The tax law has been referred to as a “quilt work” of tax law
Revenue Sources
Two Basic Parts Of Tax Structure
Tax Base
The amount to which the tax rate is applied to determine tax due.
For example, an individual’s tax base for the federal e is his or her taxable e.
tax base for property tax is generally the fair market value of property subject to tax.
Tax Rate
Is merely the percentage rate applied to the tax base.
Rate Structures Can Be…..
Progressive
Regressive
Proportional Or Flat Tax