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Underlying objective of income tax laws

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Question

Which of the following is not an underlying objective of the income tax laws?

1. Income tax laws enable the government to regulate the health of the economy.

2. Income tax laws are designed to converge with U.S. GAAP rules.

3. Income tax laws enable the government to assist certain members of society who are viewed as deserving help.

4. Income tax laws are designed to raise money for the operation of the federal government.

Reference no: EM133272893

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