The main arguments in favour of a modified flat-rate tax system (such as a proposal to place a 19% tax on all income over R200 000 with no deductions) are that it would…
A) raise more revenue than the current tax system, and it would be simpler.
B) raise more revenue than the current tax system, and it would lower marginal tax rates.
C) be simpler and it would lower average tax rates.
D) be simpler and it would lower marginal tax rates.
Correct Answer:
Verified
Q22: The appropriate tax rate to consider to
Q23: In choosing the form of a tax,
Q28: Discuss the two main reasons why governments
Q34: If the government imposed a R10 000
Q34: The ability-to-pay principle of taxation suggests that
Q39: A tax system is regarded as horizontally
Q42: A government raises R100m through a R0.05
Q44: Why do experts disagree about whether labour
Q44: John has been gardening for Sally once
Q101: Using demand and supply diagrams, show the
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