Tuesday, April 15, 2014

Alan Rock's Trivia!

Questions:

1)  According to U.S. government estimates, what percentage of tax payers cheat when filing their income tax?

2)  Why was the first U.S. income tax implemented?

3)  The Sixteenth Amendment to the Constitution passed in 1913. What did it establish?

4) The first President to implement an income tax in the U.S. was ______________.

5)  This President was responsible for the largest federal income tax cut in the 20th century.

6)  In the U.S., the income tax laws are written by which branch of the government.

7) As of 2000, the U.S. Internal Revenue code was how many pages long?

8)  Which country has the highest income tax percentage rate?

Answers:

1)  17%

2)  to fund the escalating costs of the Civil War

3)  The Sixteenth Amendment made the collection of an income tax permanent.

4)  Lincoln

5)  Reagan

6) the legislative branch - laws are written and passed by Congress

7)  4,500+ pages

8)  Belgium at 56%

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