Asked by Juana Jacal on May 05, 2024
Verified
Is Devonne's statement about taxing residents of different states correct?
A) Devonne is incorrect. The U.S. Congress has complete discretion on taxation.
B) Devonne is partially incorrect because before the U.S. Congress taxes one state's residents at a higher rate than citizens of other states, a rational relationship between the difference and governmental need must be shown.
C) Devonne is incorrect because before the U.S. Congress taxes one state's residents at a higher rate than citizens of other states, an important need must be shown.
D) Devonne is incorrect because before the U.S. Congress taxes one state's residents at a higher rate than citizens of other states, a disparity of income of over 30% between one state and another must be shown.
E) Devonne is correct.
Federal Funds
Reserve balances that commercial banks hold at Federal Reserve Banks, often referred to in the context of the federal funds rate, which is the interest rate at which banks lend to each other overnight.
Income Tax
Tax levied by a government directly on income, including wages, salaries, and investments.
Constitution
The fundamental principles and established precedents according to which a state or other organization is governed.
- Understanding the defense mechanisms established by the Bill of Rights and subsequent amendments for individuals and groups.
- Understanding the foundational concepts behind the authority of Congress to levy taxes and allocate funds.
Verified Answer
NA
norhan ahmedMay 10, 2024
Final Answer :
E
Explanation :
Devonne's statement is correct because the U.S. Constitution prohibits Congress from taxing residents of one state at a higher rate than the citizens of another state, ensuring equal treatment under the law.
Learning Objectives
- Understanding the defense mechanisms established by the Bill of Rights and subsequent amendments for individuals and groups.
- Understanding the foundational concepts behind the authority of Congress to levy taxes and allocate funds.