Multiple Choice
A tax is efficient if
A) individuals with the lowest incomes pay proportionately lower taxes than individuals with the highest incomes.
B) it is based on profits earned and not on wages.
C) it encourages saving and investment.
D) it imposes a small excess burden relative to the revenue it raises.
Correct Answer:
Verified
Correct Answer:
Verified
Q248: Many state governments use lotteries to raise
Q249: A tax imposed by a state or
Q250: Economists James Buchanan and Gordon Tullock are
Q251: A regressive tax is a tax for
Q252: Exempting food purchases from sales tax is
Q254: If you pay $2,000 in taxes on
Q255: An average tax rate is calculated as<br>A)total
Q256: Article Summary<br>State tax revenue from marijuana sales
Q257: Figure 18-4<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Figure 18-4
Q258: A study by the Congressional Budget Office