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Taxation

Which of the following taxes can be supported by the benefits principle of taxation ?

Which of the following taxes can be supported by the benefits principle of taxation ?

A. All these answers can be supported by the benefits principle of taxation
B. Progressive income taxes used to pay for national defense
C. Petrol taxes used to pay for roads
D. property taxes used to pay for policies and the court system

Which of the following taxes can be supported by the benefits principle of taxation ? Read More »

Economics Mcqs, Taxation

The appropriate tax rate to consider gauging how much the tax system distorts incentives and decision making is the ?

The appropriate tax rate to consider gauging how much the tax system distorts incentives and decision making is the ?

A. Proportional tax rate
B. average tax rate
C. marginal tax rate
D. vertical tax rate
E. horizontal tax rate

The appropriate tax rate to consider gauging how much the tax system distorts incentives and decision making is the ? Read More »

Economics Mcqs, Taxation

A tax for which high income taxpayers pay a smaller fraction of their income than do low income taxpayers is known as ?

A tax for which high income taxpayers pay a smaller fraction of their income than do low income taxpayers is known as ?

A. a proportional tax
B. a regressive tax
C. an equitable tax
D. a progressive tax

A tax for which high income taxpayers pay a smaller fraction of their income than do low income taxpayers is known as ? Read More »

Economics Mcqs, Taxation