The proposed flat tax:
A)Would increase the number of deductions available to individuals
B)Would not require individuals to file returns.
C)Would tax the increment in value as goods move through the production and manufacturing stages to the marketplace.
D)Is a type of consumption tax.
E)None of these.

Question

Quizplus · Accepted Answer

The proposed flat tax is a type of consumption tax, where individuals would be taxed on what they consume rather than what they earn. It would not increase the number of deductions available, still require individuals to file returns, or tax the increment in value as goods move through production and manufacturing stages.

The Proposed Flat Tax