If Congress wanted to change the social security tax so that firms paid most of the tax,they would need to
A) change the tax laws so that all of the social security tax was imposed on firms.
B) change the tax laws so that all of the social security tax was imposed on workers.
C) change the tax laws so that more than 50 percent of the social security tax was imposed on firms.
D) change the tax laws so that more than 50 percent of the social security tax was imposed on workers.
E) None of the above because the incidence of the social security tax does not depend on the tax laws but instead depends on the elasticities of the demand for labor and the supply of labor.
Correct Answer:
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Q128: Q131: Which resource has the least elastic supply? Q148: A tax imposed on a resource's income Q149: If highly paid entertainers prefer to perform Q151: A tax on the income from land Q152: If the supply of capital is perfectly Q154: From the standpoint of efficiency,imposing a tax Q160: If the social security tax imposed on Q161: The argument that those who use the Q170: The proposition that people should pay taxes
A)
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