A tax on consumption for those who are nonsavers
A) is equivalent to a tax on income.
B) causes income gains to increase dramatically.
C) would be preferred to a tax on wealth.
D) makes it difficult to tell what the result for the nonsavers would be.
Correct Answer:
Verified
Q1: Consumption taxes are generally viewed as
A) regressive.
B)
Q2: A unit tax is
A) levied at different
Q3: Excise taxes are distortionary taxes.
A) True
B) False
C)
Q4: Disadvantages of a consumption tax are
A) the
Q5: Which of the following is an unit
Q7: Value-added taxes (VAT)are very popular in the
Q8: Wealth taxes are assessed on a stock
Q9: Who pays a consumption tax?
A) People who
Q10: A tax levied on an individual's total
Q11: A tax,in which amounts transferred as gifts
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