Thomas Hobbes argued for a tax on consumption instead of on income because
A) the standard of living depends not on income, but on how much income is spent.
B) consumption is the best indication of ability to pay.
C) a tax on income discourages saving by taxing savings twice.
D) a tax on consumption raises more revenue than a tax on income.
Correct Answer:
Verified
Q231: During 2016, Yolanda's assets equal $400,000 and
Q232: A theory of fairness that holds that
Q233: A theory of taxation that states that
Q234: _ holds that those with greater ability
Q235: Your employer pays for your cell phone.
Q237: Double taxation of saving may
A) reduce the
Q238: During 2016, Yolanda's assets equal $200,000 and
Q239: The _ principle of taxation is not
Q240: Consumption + the change in net worth
Q241: Wealth is the same as net worth.
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