Net taxes are
A) the total amount of taxes paid to the government
B) total tax revenues of the federal government
C) total tax revenues plus transfer payments
D) total tax revenues minus transfer payments
E) total tax revenues minus taxes paid by firms

Question

Quizplus · Accepted Answer

Net taxes refer to the amount of tax revenue received by the government after deducting transfer payments made to individuals and businesses. Therefore, the correct option is option D, which refers to net tax revenues.

Net Taxes Are