Congress has been very concerned with taxpayers using trusts as income-shifting devices. What laws has Congress passed

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Congress has been very concerned with taxpayers using trusts as income-shifting devices. What laws has Congress passed to discourage this behavior? Explain how each of your answers discourages the behavior.

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Public Finance

ISBN: 978-1111526986

2nd edition

Authors: John E. Anderson

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Posted Date: Feb 13, 2023 02:39 AM

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Congress has been very concerned with taxpayers using trusts as income-shifting devices. What laws has Congress passed

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Expert Answer:

I By limiting the tax benefits associated with the use of trusts these laws effectively discourage t... View the full answer

Public Finance

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