True or false and explain: a) Land taxes are more efficient than income taxes; b) Land taxes are more efficient than property taxes; c) Consumption taxes are less efficient than income taxes; d) Pigouvian taxes are the most efficient strategy for raising revenues; e) The U.S. personal income tax code subsidizes investments in housing; f) All other things being equal, wages and rents are higher in cities with lower property taxes; g) Property taxes discourage investment; h) The current system of U.S. tariffs is not equitable; and i) Under the US tax code, corporate dividends are subject to double taxation.
True or false and explain: a) Land taxes are more efficient than income taxes; b) Land taxes are more efficient than property taxes; c) Consumption taxes are less efficient than income taxes; d) Pigouvian taxes are the most efficient strategy for raising revenues; e) The U.S. personal income tax code subsidizes investments in housing; f) All other things being equal, wages and rents are higher in cities with lower property taxes; g) Property taxes discourage investment; h) The current system of U.S. tariffs is not equitable; and i) Under the US tax code, corporate dividends are subject to double taxation.
Chapter12: The Partial Equilibrium Competitive Model
Section: Chapter Questions
Problem 12.10P
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True or false and explain: a) Land taxes are more efficient than income taxes; b) Land taxes are more efficient than property taxes; c) Consumption taxes are less efficient than income taxes; d) Pigouvian taxes are the most efficient strategy for raising revenues; e) The U.S. personal income tax code subsidizes investments in housing; f) All other things being equal, wages and rents are higher in cities with lower property taxes; g) Property taxes discourage investment; h) The current system of U.S. tariffs is not equitable; and i) Under the US tax code, corporate dividends are subject to double
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