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Here, We are Sharing Federal Income Tax System First the Primary and Secondary Objectives

In closing, the memorandum’s end part focuses on how the federal government works on enacting specific tax laws to meet all the objectives mentioned above. The sources of tax law are generated from three branches of the federal government that is legislative, judicial, and executive. The way to get a new tax law and changes brought into the tax code is a long one.

The encouragement objectives: the tax law of federal income is used as an incentive instrument. It is used by businesses and encourages individuals to engage in some activities that progress the economy’s health and public welfare.

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