Lesson 1 Summary

In this lesson, we were introduced to the concept of taxation including what qualifies as a tax, the history of taxation, and types of taxes. We also were able to practice calculating marginal, average, and effective tax rates. Finally, we analyzed how to evaluate tax systems.

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References

Compania General de Tabacos de Filipinas v. Collector of Internal, 275 U.S. 87 (1927). Retrieved from http://caselaw.lp.findlaw.com/cgi-bin/getcase.pl?court=us&vol=275&invol=87

U.S. Const. art. I, § 9.

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