• Where does Federal tax legislation generally originate?
• The World War II converted the Federal Tax into amass tax.Explain.
• What is the difference between sales tax and excise tax?
• Distinguish between: proportional taxes and progressive tax,Estate Tax and Inheritance ta, individual tax and corporate tax,
• Why do taxpayers have more than one alternative for structuring business transactions?
• What is the difference and ranking order of the following Federal tax law system: interpretative regulation, proposed regulation, legislature regulation, revenue ruling, letter ruling, and internal revenue code, starting with the highest authority, and why?