Multiple Choice
Which of the following best describes horizontal equity?
A) All taxpayers should pay some taxes on their incomes
B) As income increases, taxes should increase
C) Persons with equal incomes should pay the same amount of taxes
D) A person with capital gains should pay less tax than a person with the same amount of salary income
Correct Answer:

Verified
Correct Answer:
Verified
Q48: The value added tax is a type
Q49: There are three basic taxable entities: the
Q50: Terri owns a 50 percent interest in
Q51: The 16<sup>th</sup> Amendment to the US Constitution
Q52: When appreciated property is transferred, the gift
Q54: Crystal invested $8,000 cash in CRK Partnership
Q55: A corporation incurring a net operating loss
Q56: A $100 tax deduction is more valuable
Q57: What is Jerry's stock basis at the
Q58: Adam Smith's four canons of taxation are