Which of these tax systems does not allow for vertical equity (different treatment of different people)...
Which of these tax systems does not allow for vertical equity (different treatment of different people)
a. proportional tax
b. progressive tax
c. regressive tax
d. lump-sum tax
Homework Answers
Ans) the correct option is d) lump sum tax
Lump-sum taxes are not used because of potential discrimination, it is not equitable. So it does not allow for vertical equity
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Which of these tax systems does not allow for vertical equity
(different treatment of different people)...
QUESTION 28 Which of these tax systems does not allow for vertical equity (different treatment of...
QUESTION 28 Which of these tax systems does not allow for vertical equity (different treatment of different people) proportional tax progressive tax regressive tax lump-sum tax
QUESTION 28 Which of these tax systems does not allow for vertical equity (different treatment of...
QUESTION 28 Which of these tax systems does not allow for vertical equity (different treatment of different people) O proportional tax O progressive tax O regressive tax Olump-sum tax QUESTION 29 When a tax is justified on the basis that taxpayers receive specific government services, the tax is considered a horizontally equitable burden is minimized satisfies the benefits principle is considered vertically equitable QUESTION 30 The argument that each person should pay taxes according to how well the individual can...
Question Completion Status QUESTION 25 Which of these is most influential on your decision to work...
Question Completion Status QUESTION 25 Which of these is most influential on your decision to work extra hours at your job o the averge tax rate the total tax bill the marginal tax rate e the lump sum tax rate QUESTION 26 As tax laws become more complex compliance costs are likely to decrease e the government will collect more tax revenue o tax evasion and avoidance will decrease e the administrative burden of taxes will increase QUESTION 27 If...
TULE TUL. MULTI 21 NUV-2019 Fall Torm U... Question Completion Status: QUESTION 26 As tax laws become more complex...
TULE TUL. MULTI 21 NUV-2019 Fall Torm U... Question Completion Status: QUESTION 26 As tax laws become more complex compliance costs are likely to decrease the government will collect more tax revenue tax evasion and avoidance will decrease the administrative burden of taxes will increase QUESTION 27 If the government imposes a $3000 tax on everyone, the tax would be: an income tax a consumption tax alump-sum tax a marginal tax QUESTION 28 Which of these tax systems does not...
QUESTION 22 Products that create external benefits are over-consumed because the private benefits exceed the private...
QUESTION 22 Products that create external benefits are over-consumed because the private benefits exceed the private costs under-consumed because consumers only consider the private benefits of consumption O optimally consumed as long as private benefits equal private costs O underconsumed because the social costs exceed the social benefits QUESTION 23 The Coase theorem suggests that private bargains will ensure the efficiency of markets even when externalities exist but only in the presence of government regulation if consumers have more information...
Text questions Which of the following statements about tax collection is correct? Choose one: a. Vertical equity means...
Text questions Which of the following statements about tax collection is correct? Choose one: a. Vertical equity means that everyone should pay the same amount of tax in ISK. b. A regressive tax means that those with the highest incomes pay proportionally the lowest tax. c. The Laffer curve shows that tax revenue will always continue to grow as the tax collection rate grows. d. Progressive tax means that those with the highest income pay proportionally the lowest tax. e....
4. TAX A TAX B TAX C TAX D INCOME $50,000 100.000 200.000 I AMOUNT OF...
4. TAX A TAX B TAX C TAX D INCOME $50,000 100.000 200.000 I AMOUNT OF TAX AMOUNT OF TAX 25.000 (25%) | $50,000 (25%) I AMOUNT OF TAX $15,000 (30%) $15,000 ( 1996) AMOUNT OF TAX | $12.500 (25%) | $15,000 (30%) $25,000 (25%) $40,000 (20%) $ 10,000 (20%) 25.000 (25-ㄧㄧㄒㄧ一 a. A regressive tax is illustrated by tax: b. A proportional tax is illustrated by tax: c. A lump-sum tax is illustrated by tax: d. A progressive tax...
Alan Greenspan, former Chairman of the Federal Reserve, discussed the advantages of which kind of tax...
Alan Greenspan, former Chairman of the Federal Reserve, discussed the advantages of which kind of tax system, particularly if one were designing a tax system from scratch"? e a. a progressive tax system e b. a regressive tax system c. a consumption tax O d. a lump-sum tax
1. The percentage of an additional dollar that is paid in tax is called A. a...
1. The percentage of an additional dollar that is paid in tax is called A. a regressive tax. B. the average tax rate. C. a proportional tax. D. the marginal tax rate. E. a progressive tax. 2. If the average tax rate remains constant as income? changes, the tax is A. progressive. B. regressive. C. definitely fair. D. proportional. E. impossible to determine with the information given. 3. When each taxpayer pays the same average tax rate regardless of the?...
19) A flat tax is a tax with a single margional tax rate. If households could...
19) A flat tax is a tax with a single margional tax rate. If households could deduct $15,000 and then face a marginal tax rate of 25% on all additional income, would the tax be: A) Proportional B) Regressive C) Progressive D) Regressional 20) Disposable income is defined as A) Income you throw away. B) Income after taxes. C) Income after taxes and essentials. D) Income after rent and insurance. 21) Which of the following statement about Social Security is...
QUESTION 28 Which of these tax systems does not allow for vertical equity (different treatment of different people) O proportional tax O progressive tax O regressive tax Olump-sum tax QUESTION 29 When a tax is justified on the basis that taxpayers receive specific government services, the tax is considered a horizontally equitable burden is minimized satisfies the benefits principle is considered vertically equitable QUESTION 30 The argument that each person should pay taxes according to how well the individual can...
Question Completion Status QUESTION 25 Which of these is most influential on your decision to work extra hours at your job o the averge tax rate the total tax bill the marginal tax rate e the lump sum tax rate QUESTION 26 As tax laws become more complex compliance costs are likely to decrease e the government will collect more tax revenue o tax evasion and avoidance will decrease e the administrative burden of taxes will increase QUESTION 27 If...
TULE TUL. MULTI 21 NUV-2019 Fall Torm U... Question Completion Status: QUESTION 26 As tax laws become more complex compliance costs are likely to decrease the government will collect more tax revenue tax evasion and avoidance will decrease the administrative burden of taxes will increase QUESTION 27 If the government imposes a $3000 tax on everyone, the tax would be: an income tax a consumption tax alump-sum tax a marginal tax QUESTION 28 Which of these tax systems does not...
QUESTION 22 Products that create external benefits are over-consumed because the private benefits exceed the private costs under-consumed because consumers only consider the private benefits of consumption O optimally consumed as long as private benefits equal private costs O underconsumed because the social costs exceed the social benefits QUESTION 23 The Coase theorem suggests that private bargains will ensure the efficiency of markets even when externalities exist but only in the presence of government regulation if consumers have more information...
Text questions Which of the following statements about tax collection is correct? Choose one: a. Vertical equity means that everyone should pay the same amount of tax in ISK. b. A regressive tax means that those with the highest incomes pay proportionally the lowest tax. c. The Laffer curve shows that tax revenue will always continue to grow as the tax collection rate grows. d. Progressive tax means that those with the highest income pay proportionally the lowest tax. e....
4. TAX A TAX B TAX C TAX D INCOME $50,000 100.000 200.000 I AMOUNT OF TAX AMOUNT OF TAX 25.000 (25%) | $50,000 (25%) I AMOUNT OF TAX $15,000 (30%) $15,000 ( 1996) AMOUNT OF TAX | $12.500 (25%) | $15,000 (30%) $25,000 (25%) $40,000 (20%) $ 10,000 (20%) 25.000 (25-ㄧㄧㄒㄧ一 a. A regressive tax is illustrated by tax: b. A proportional tax is illustrated by tax: c. A lump-sum tax is illustrated by tax: d. A progressive tax...
Alan Greenspan, former Chairman of the Federal Reserve, discussed the advantages of which kind of tax system, particularly if one were designing a tax system from scratch"? e a. a progressive tax system e b. a regressive tax system c. a consumption tax O d. a lump-sum tax
19) A flat tax is a tax with a single margional tax rate. If households could deduct $15,000 and then face a marginal tax rate of 25% on all additional income, would the tax be: A) Proportional B) Regressive C) Progressive D) Regressional 20) Disposable income is defined as A) Income you throw away. B) Income after taxes. C) Income after taxes and essentials. D) Income after rent and insurance. 21) Which of the following statement about Social Security is...
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