Most people agree that the tax system
A) should be both efficient and equitable.
B) cannot raise enough revenue to cover government expenditures.
C) would raise more revenue if tax rates were lowered.
D) should be rewritten to require everyone to pay the same percentage of income in taxes.

Question

Quizplus · Accepted Answer

Most people believe that the tax system should be both efficient and equitable. Efficiency means that the system should raise enough revenue to fund government programs while minimizing the cost of collection. Equitability refers to ensuring that the tax burden is fairly distributed, taking into account the ability to pay. This view is reflected in the principles of taxation widely accepted by economists and policymakers.

Most People Agree That the Tax System