Economists generally think that the ____ tax is among the best ways to raise revenue.
A)property
B)personal income
C)sales
D)value-added

Question

Quizplus · Accepted Answer

Personal income tax is considered by economists to be one of the best ways to raise revenue because it is a progressive tax, meaning that it takes a larger percentage of income from higher earners than from lower earners. This makes it a more equitable way to raise revenue than other taxes, such as sales taxes or property taxes, which are regressive, meaning that they take a larger percentage of income from lower earners than from higher earners.

Economists Generally Think That the ____ Tax Is Among the Best