The concept that people should pay taxes based on the benefits they receive from government services is called Group of answer choices the ability-to-pay principle. the benefits principle. horizontal equity. vertical equity.

Explain it correctly

How does a "progressive tax system" differ from a "regressive tax system" in terms of income distribution? A) A progressive tax system imposes higher tax rates on higher incomes, while a regressive tax system imposes higher tax rates on lower incomes. B) A progressive tax system imposes a uniform tax rate on all incomes, while a regressive tax system adjusts rates based on economic cycles. C) A progressive tax system reduces income inequality by taxing higher incomes at higher rates, while a regressive tax system can increase inequality by placing a heavier burden on lower incomes. D) A progressive tax system exempts lower incomes from taxation, while a regressive tax system taxes all incomes at the same rate.

Suppose the city of Strelsau has a 10% property tax on rental properties. Rudolph makes $100,000 a year and pays $21,000 per year in rent. Fritz makes $40,000 per year and spends $10,800 in rent. Both Rudolph and Fritz rent from Michael. a. How is Strelsau's property tax best described? Regressive Proportional Incidental Progressive b. Who most likely actually pays the tax on rental property? The renters, Rudolph and Fritz, pay it. The landlord, Micheal, pays it. It is split evenly between the renters and the landlord. The renters and landlord negotiate who will pay it.

Person A earns $100,000 per year, while person B earns $45,000 per year. Which conclusion is most likely true for these people when they pay their income taxes? A. Person A will pay at a higher income tax rate than person B. B. Person B will pay at a higher income tax rate than person A. C. Neither person A nor person B will have to pay income tax. D. Both person A and person B will pay at the same income tax rate.

Which is the following is an example of a proportional tax?     Multiple Choice   an alcohol tax   a flat tax   federal excise tax on gasoline   a tax that takes a larger percentage from high-income earners than it does from low-income individuals, such as the U.S. income tax system

A proportional tax, sometimes referred to as a flat tax, is a kind of income tax wherein all taxpayers are taxed at the same percentage rate, no matter how high or low their income. A proportional tax system means that everyone experiences the same tax rate, whether low, middle, or high-income. Those who support a proportional tax argue that the system is fairest because the rules are simple and straightforward and no one is exempt; however, there is a  huge con of proprtional taxes.  Explain what that is.     Essay

Compare progressive, regressive, and proportional taxes. Give at least oneexample of each type of tax.

Sales taxes tend to be regressive, that is why food, medicine are often excluded? True or False

Suppose before a tax is created, the market price is $10.66 and the quantity is 120.  Now suppose a government creates a $4.3 excise tax paid by sellers.  After the tax, the quantity falls to 100 and the market price is $13.76.  Based on this information, the tax incidence on buyers is what?