Chapter 22: Problem 5
"The poor should not pay income taxes." This statement reflects which of the following principles of taxation? a. Fairness of contribution b. Benefits-received c. Inexpensive-to-collect d. Ability-to-pay
Chapter 22: Problem 5
"The poor should not pay income taxes." This statement reflects which of the following principles of taxation? a. Fairness of contribution b. Benefits-received c. Inexpensive-to-collect d. Ability-to-pay
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Get started for freeWhich of the following statements is true? a. \(A\) sales tax on food is a regressive tax. b. The largest source of federal government tax revenue is individual income taxes. c. The largest source of state and local government tax revenue is sales taxes. d. All of the above are true.
Some cities finance their airports with a departure tax: every person leaving the city by plane is charged a small fixed dollar amount that is used to help pay for building and running the airport. The departure tax follows the a. benefits-received principle. b. ability-to-pay principle. c. flat-rate principle. d. public-choice principle.
According to the shortsightedness effect, politicians tend to favor projects with a. short-run benefits and short-run costs. b. short-run benefits and long-run costs. c. long-run benefits and short-run costs. d. Iong-run benefits and long-run costs.
since \(1975,\) total government expenditures as a percentage of GDP in the United States have a. fallen by half. b. remained fairly constant at about one-third. c. grown from one-fourth to one-half. d. grown from one-quarter to one-third.
Which of the following statements relating to public choice is true? a. A low voter turnout may result when voters perceive that the marginal cost of voting exceeds its marginal benefit. b. If the marginal cost of voting exceeds its marginal benefit, the vote is unimportant. c. Special-interest groups always cause the will of a majority to be imposed on a minority. d. All of the above are true.
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