Which of the following types of taxes has the greatest elasticity?
a) a gasoline tax of 20 cents per gallon sold
b) a tobacco tax of 50 cents per package sold
c) a severance tax of 1.00 per barrel of oil produced
d) a general sales tax of 6 percent on the retail purchase of taxable items
e) a property tax
Question 2
An individual who wanted to shift the burden of state taxes away from middle- and lower-income families to upper-income families would favor which of the following policy options?
a) a decrease of the general sales tax and an increase in excise taxes
b) the adoption of a personal income tax in order to reduce sales and property taxes
c) the replacement of local property taxes with an increase in the sales tax
d) a constitutional amendment to prohibit the adoption of a state personal income tax
e) a shift from a personal income tax to an increase in the sales tax
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