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Personal Financial Planning
17. CHAPTER 13: INDIVIDUAL INCOME TAX AND TAX PLANNING/Federal Income Tax Law Objectives
17. CHAPTER 13: INDIVIDUAL INCOME TAX AND TAX PLANNING Illustration
Syllabus Slides

Federal Income Tax Law Objectives

01.Core Concepts

• Revenue-raising objectives • Fund governmental expenditures • Economic objectives • Taxes can be used to achieve economic growth and full employment • Social objectives • Example: charitable contributions