(Consider This) Which of the following claims is not made by opponents of a value-added tax (VAT) ?
A) Savings and investment is discouraged because future consumption is penalized.
B) The VAT is regressive, potentially leading to additional progressive taxes to offset the regressive VAT.
C) Sellers bear a disproportionately large burden of the tax.
D) The VAT is a hidden tax, and thus easier to raise to support the expansion of government.
Correct Answer:
Verified
Q3: Government assumes some responsibility for providing a
Q11: Sales taxes on consumer goods are regressive
Q19: The largest source of local government's revenue
Q72: (Consider This) Which of the following claims
Q73: (Last Word) For each dollar paid in
Q74: (Advanced analysis) The equations for the demand
Q75: (Advanced analysis) The equations for the demand
Q77: Which of the following taxes is most
Q79: (Advanced analysis) The equations for the demand
Q80: The property tax may be regressive even
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents