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19 Cards in this Set
- Front
- Back
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The ability to pay principle is? |
people who make more pay more |
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tax on cigarettes are placed because it causes harm to our health, but based on which principle? |
benefits recieved |
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advocates who favor proportional tax believe it’s the fairest tax structure because?? |
everyone pays an equal share of the tax burden |
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which amendment to the US constitution created income tax? |
16 |
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sales tax support the maximum of certainty because?? |
they are paid at the end of transaction -we know the tax % before purchase -they’re always applied to non food goods |
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progressive taxes does what? |
rises an income rises |
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when a producer keeps the price of a good the same even after tax has been placed on a product is an example of what?? |
the item is elastic |
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what are john smiths maxims? |
convenience certainty efficiency |
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a driver paying to use a toll bridge is an example of what? |
benefits received approach to tax equity |
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gas tax is proportional but is also considered to be regressive because??? |
it affects lower income citizens more |
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if a new tax is placed on a producer that is a monopoly the tax will most likely fall to?? |
the consumer |
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what are entitlements? |
programs that benefit people based on ability, age, and income |
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taxes are automatically removed from your check, which maxim does this fulfill? |
convenience |
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why did our founders dislike taxes? |
the British taxed then without representation |
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tax on luxury items like (gold, diamonds) is based off what principle?? |
benefits recieved |
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police, fire department, school teachers etc are paid through what taxes? |
property taxes |
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taxes on good that are inelastic are usually passed on to?? |
consumers |
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the resort fee in cities like las vegas is based?? |
benefits recieved |
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which maxim is mostly abused by the government? |
efficiency |
