Congress has chosen to exempt certain income from taxation, such as scholarships, gifts, life insuran
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Prior to beginning work on this discussion forum, read Chapters 1, 2, and 3 in the textbook.
Congress has chosen to exempt certain income from taxation, such as scholarships, gifts, life insurance proceeds, municipal bond interest, and employee fringe benefits. Given that one of the primary purposes of Congress is to raise revenue for the government, explain in your post why you think Congress would provide these and other exemptions.
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