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Tax accounting . If the general objective of our tax system is to raise revenue, why does the income tax allow deductions for charitable contributions

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Tax accounting

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. If the general objective of our tax system is to raise revenue, why does the income tax allow deductions for charitable contributions and retirement plan contributions? . Sally and Joseph recently had a heated discussion about whether a sales tax is a proportional tax or a regressive tax. Joseph argued that a sales tax is regressive. Sally countered that the sales tax is a flat tax. Who was correct? Search entries or author Unread

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