Why is our income tax law called a voluntary tax? i sure, Ask an Expert

Accounting

Why is our Income Tax law called a "Voluntary Tax?" (I sure don't want to pay this tax).

a. Taxpayers have an option; pay the tax, or do voluntary community service

b. The tax collection is a self-assessment process, unlike taxes where you get an annual bill in the mail.

c. Taxpayers have a voluntary choice of 4 different tax methods.

d. Taxpayers can select when to pay the tax.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M945872

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