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Author Question: A candidate in the 1992 presidential election argued that our current federal income-tax system ... (Read 171 times)

RODY.ELKHALIL

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on: Jun 29, 2018
A candidate in the 1992 presidential election argued that our current federal income-tax system should be replaced with a flat-tax. That is, every individual should pay the same percentage of income in federal taxes regardless of his or her income.
 
  Evaluate the merits of this policy. In your answer, be sure to include a discussion of both the equity and efficiency considerations of such a tax proposal.

Question 2

An increase in national income could by caused by which of the following?
 
  A) an increase in gross domestic product B) a decrease in personal income
  C) an increase in depreciation D) an increase in personal taxes


nikmaaacs

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Reply #1 on: Jun 29, 2018
Answer to Question 1

This tax would be more efficient because the tax would be difficult to shift or to evade. This tax may not be considered equitable, because high-income and low-income people would pay the same percentage of their income in taxes.

Answer to Question 2

A


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