Which of the following statements does not apply to the U.S.tax structure?
A) The individual income tax system is progressive.
B) General sales taxes are regressive.
C) Property taxes are an important source of revenue for the federal government.
D) The major sources of revenue for the federal government differ from the major sources of revenue for state and local governments.
Correct Answer:
Verified
Q32: Most excise taxes are
A)progressive.
B)proportional.
C)regressive.
Q33: The federal government's fiscal year is _
Q34: Which statement is false?
A)There are now nine
Q35: The corporate income tax is
A)direct.
B)indirect.
C)neither direct nor
Q36: The Social Security tax is
A)direct and progressive.
B)direct
Q38: The economic policy of the U.S.government could
Q39: Under the Tax Reform Act of 1986
Q40: According to Adam Smith,each of these was
Q41: In modern free enterprise economies,which of the
Q42: With respect to local finance,it is correct
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