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    Principles of Microeconomics
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    Exam 12: The Design of the Tax System
  5. Question
    "A $1000 Tax Paid by a Poor Person May Be
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"A $1000 Tax Paid by a Poor Person May Be

Question 58

Question 58

Multiple Choice

"A $1000 tax paid by a poor person may be a larger sacrifice than a $10,000 tax paid by a wealthy person." What is this argument based on


A) the horizontal equity principle
B) the benefits principle
C) a regressive tax argument
D) the ability-to-pay principle

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