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INTERNAL REVENUE (5)
INTERNAL REVENUE (5)
ScnMaster
a
division
of the US
Department
of the
Treasury
, established in 1862. It is responsible for the
assessment
and
collection
of
federal
taxes
other than those on
alcohol
, tobacco, firearms and explosives. It collects most of its revenues through the
individual
and
corporate
income tax
.
—
Academy
Level II
Glossary