Question 1

List several examples of the administrative burden of the U.S. income tax system.

Accepted Answer

time spent filling out tax for...

Question 2

Individual Retirement Accounts and 401(k)  plans make the current U.S. tax system

Accepted Answer

A)  less like European tax systems than it otherwise would be.
B)  more like a payroll tax than it otherwise would be.
C)  more like an income tax than it otherwise would be.
D)  more like a consumption tax than it otherwise would be.E) B) and D)
F) All of the above

Question 3

According to the benefits principle, it is fair for people to pay taxes based on their ability to shoulder the tax burden.

Accepted Answer

A) True 
 B)False

Question 4

If a poor family has three children in public school and a rich family has two children in private school, the benefits principle would suggest that

Accepted Answer

A)  the poor family should pay more in taxes to pay for public education than the rich family.
B)  the rich family should pay more in taxes to pay for public education than the poor family.
C)  the benefits of private school exceed those of public school.
D)  public schools should be financed by property taxes.E) A) and D)
F) All of the above

Question 5

To fully understand the progressivity of government policies, one should only look at the proportion of total income that individuals pay in taxes each year.

Accepted Answer

A) True 
 B)False

Exam 12: The Design of the Tax System

Individual Retirement Accounts and 401(k) plans make the current U.S. tax system

Correct Answer
verified

If a poor family has three children in public school and a rich family has two children in private school, the benefits principle would suggest that

Correct Answer
verified

According to the benefits principle, it is fair for people to pay taxes based on their ability to shoulder the tax burden.

Correct Answer
verified

To fully understand the progressivity of government policies, one should only look at the proportion of total income that individuals pay in taxes each year.

Correct Answer
verified

List several examples of the administrative burden of the U.S. income tax system.

Correct Answer
verified
time spent filling out tax for...
View Answer

Exam 12: The Design of the Tax System

Individual Retirement Accounts and 401(k) plans make the current U.S. tax system

Correct AnswerverifiedShow Answer

If a poor family has three children in public school and a rich family has two children in private school, the benefits principle would suggest that

Correct AnswerverifiedShow Answer

According to the benefits principle, it is fair for people to pay taxes based on their ability to shoulder the tax burden.

Correct AnswerverifiedShow Answer

To fully understand the progressivity of government policies, one should only look at the proportion of total income that individuals pay in taxes each year.

Correct AnswerverifiedShow Answer

List several examples of the administrative burden of the U.S. income tax system.

Correct Answerverifiedtime spent filling out tax for...View AnswerShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
time spent filling out tax for...
View Answer