Which of the following taxes best illustrates the benefits principle of taxation?
A) sales tax on clothing used to fund food stamps
B) state income tax used to fund state universities
C) Medicare tax imposed on all workers used to fund medical care for the elderly
D) gasoline tax used to fund road repairs
E) federal income tax used to fund NASA spending
Correct Answer:
Verified
Q187: Compared to taxes on labor income,taxes on
Q188: Progressive taxes can be justified as fair
Q189: Joan's income is $60,000 and she pays
Q190: The assertion that Bill Gates and Paris
Q191: Trying to achieve vertical equity by using
Q193: The assertion that people with the same
Q194: The proposition that people should pay taxes
Q195: If taxes are collected on the basis
Q196: Vertical equity implies that
i.tax rates should be
Q197: Vertical equity is the idea that
A) taxpayers
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents