Under a personal consumption tax the tax base is
A) equal to zero.
B) equal to consumption plus change in net wealth.
C) equal to income minus change in net wealth.
D) equal to selective sales tax levied on different commodities at different rates.
Correct Answer:
Verified
Q6: The largest source of consumption tax revenues
Q7: When firms may deduct only the amount
Q8: A broader base and lower rates would
Q9: Excise taxes are levied on
A)cigarettes.
B)gasoline.
C)wines.
D)all of these
Q10: General sales tax accounted for 67 percent
Q13: The main attraction of is the ease
Q15: Consumption taxes are generally viewed as
A)simple to
Q16: For zero-rated items such as prescription drugs,
Q24: Sales taxes are generally progressive.
A) True
B) False
C)
Q34: A differential commodity tax is the same
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