A person's wealth is the total value of all the things they own.
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Q239: The _ principle of taxation is not
Q240: Consumption + the change in net worth
Q241: Wealth is the same as net worth.
Q242: The question "What is the best tax
Q243: Assets minus liabilities equals net worth.
Q245: For the purpose of defining economic income,
Q246: An income tax leads to double taxation
Q247: Horizontal equity holds that those with greater
Q248: Economic income is equal to consumption plus
Q249: All of the following statements are true
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