Which principle states that taxes should be levied according to a taxpayer’s ability to pay?a) Benefit principleb) Horizontal equityc) Vertical equityd) Ability-to-pay principle
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Which principle states that taxes should be levied according to a taxpayer’s ability to pay?
a) Benefit principle
b) Horizontal equity
c) Vertical equity
d) Ability-to-pay principle
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- Which principle states that taxes should be levied according to a taxpayer’s ability to pay?a) Benefit principleb) Horizontal equityc) Vertical equityd) Ability-to-pay principle. Note : don't use chat gpt.1.) Who bears the burden of property taxes ? Explain the incidence of property tax 2.) Who bears the burden of corporate income tax ? Explain the incidence of corporate income tax.According to the textbook, which of the following statements is (are) correct? (x) Taxes on specific goods such as cigarettes, gasoline and alcoholic beverages are called excise taxes (y) The government taxes corporate income on the basis of the number of employees. (z) The payroll tax differs from the individual income tax because all of the payroll tax is paid by the employer and all of the income tax is paid by the employee. (x), (y) and (z) (x) and (y) only (x) and (z) only (y) and (z) only (x) only
- 34) What will an increase in the tax rate causeAccording to the textbook, which of the following statements about taxes in the U.S. is (are) correct? (x) Tax evasion is illegal, but tax avoidance is legal. (y) Most economists believe that a corporate income tax affects the stockholders of a corporation but not its employees or customers. (z) In practice, the U.S. income tax system is filled with special provisions that alter a family's tax based on its specific circumstances. A. (x), (y) and (z) B. (x) and (y) only C. (x) and (z) only D. (y) and (z) only E. (z) onlyQ) If a tax is economical, Select one: a. its cost of collection is small relative to the revenue collected. b. it has an economic impact on households. c. it creates no economic distortions. d. its revenues are used to finance productive investments. Explain it Early and correctly. Not copy paste anything from Anywhere.
- 3) Are excise taxes, like those on tobacco, gasoline, and alcohol, Progressive, Proportional, or Regressive? Why do you think they are?Government collects the largest percentage of its revenue in which of the following ways? A) excise tax B) payroll tax C) corporate income tax D) personal income taxIf a tax is levied on the buyers of a product, the tax burden will fall entirely on the buyers. A.) False B.) True
- Need answers ASAP... 9. As an employee of a company, it is a must to pay tax to the government for its operation. This taxation burden is called: a. fixed tax b. property tax c. impact tax d. income taxWhat should the value of tax be. MC questionA new elected government want to reform its tax system. As an economist you are hired to advise the government how to design a better tax system. Give your recommendation on factors that government need to consider if they want to implement the better tax system. Add specific example or case for each factor you recommend to government
