A cash-flow tax is:
A) a modified version of a consumption tax.
B) a modified version of an income tax.
C) a tax that allows some savings to be excluded from tax.
D) both (a) and (c) are correct.
Correct Answer:
Verified
Q20: A comprehensive income tax is more favorable
Q21: The value-added tax used in the European
Q22: The differential incidence of substituting a tax
Q23: The invoice method of collecting the value-added
Q24: A consumption-type, value-added tax:
A)will not cause losses
Q26: In most states, the retail sales tax
Q27: A direct tax on comprehensive consumption:
A)requires taxpayers
Q28: A tax on comprehensive consumption:
A)will not influence
Q29: Consumption-in-kind:
A)is exemplified by services provided and consumed
Q30: Substitution of an equal-yield general consumption tax
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