Test Your Tax IQ
February 6, 2009
As subscribers to our weekly e-mail updates know, we have added a page of one-question tax quizzes to our website.
Anyone who read Joseph Henchman’s recent blog post on the Sixteenth Amendment will probably be able to answer this week’s quiz (below), but if you haven’t read the blog post yet or don’t remember the answer, don’t cheat! (So far, about half of respondents are getting this one correct.)
Previous quizzes have covered state-level sales taxes and individual income tax rates. These Quick Tax Quizzes will be included periodically in our weekly e-mail updates (sign up here) and featured on the blog.
Quick Tax Quiz on the Sixteenth Amendment
Earlier this week, on Feb. 3, the Sixteenth Amendment celebrated an anniversary. In what year was the Sixteenth Amendment ratified, and what power does it give Congress?
Click on your choice to find out whether it’s correct.