An income tax leads to double taxation on saving only if consumption is the measure to gauge a person's ability to pay.
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Q241: Wealth is the same as net worth.
Q242: The question "What is the best tax
Q243: Assets minus liabilities equals net worth.
Q244: A person's wealth is the total value
Q245: For the purpose of defining economic income,
Q247: Horizontal equity holds that those with greater
Q248: Economic income is equal to consumption plus
Q249: All of the following statements are true
Q250: Double taxation of saving may
A) increase the
Q251: Vertical equity holds that those with greater
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