According to the ______ principle, people with greater income and wealth should be taxed at a higher rate.
A) benefits-received
B) ability-to-pay
C) proportional
D) regressive
Correct Answer:
Verified
Q54: To finance its debt, the federal government
A)
Q55: The major expenditure item of state and
Q56: The largest source of tax revenue for
Q57: According to the _ principle, taxes should
Q58: The benefits-received principle of taxation is least
Q60: As income rises under a progressive tax
Q61: As income rises under a regressive tax
Q62: The federal personal income tax is a
A)
Q63: Property taxes are essentially
A) regressive taxes
B) flat-rate
Q64: Most economists argue that when federal, state,
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