Lump-sum taxes reduce the total amount of revenue that can be raised because:
A) the size of the tax is limited by the poorest citizens' ability to pay.
B) people perceive them to be unfair.
C) they have large administrative burdens.
D) All of these are reasons why they reduce the amount of revenue that can be raised.
Correct Answer:
Verified
Q26: Considering a given increase in price due
Q27: An example of a lump-sum tax is:
A)income
Q29: In order to minimize deadweight loss generated
Q30: When a tax is imposed,some of the
Q31: If the primary goal in implementing a
Q33: When a tax is imposed, the surplus
Q35: A lump-sum tax is:
A)a tax that charges
Q36: The total amount of surplus lost due
Q37: Part of the surplus lost to market
Q43: In the real world,lump-sum taxes are:
A) perceived
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