Most Americans agree that our tax system should (i) be fair.
(ii) be efficient.
(iii) impose as small a cost on society as possible.
(iv) use a value-added tax (VAT) instead of an income tax.
A) (ii) only
B) (ii) and (iii) only
C) (i), (ii), and (iii) only
D) (i), (ii), (iii), and (iv)

Question

Quizplus · Accepted Answer

The statement addresses the concerns of fairness, efficiency, and minimizing societal costs, which are all important factors in a good tax system. The option of using a value-added tax (VAT) instead of an income tax is not universally accepted and may not be the best solution for all situations. Therefore, option (D) is not the best choice.

Most Americans Agree That Our Tax System Should (I) Be