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Author Question: Which of the following types of taxes has the greatest elasticity? a) a gasoline tax of 20 cents ... (Read 7 times)

londonang

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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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cascooper22

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Answer to Question 1

Answer: D

Answer to Question 2

Answer: B




londonang

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Reply 2 on: Jul 8, 2018
Excellent


smrtceo

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Reply 3 on: Yesterday
Wow, this really help

 

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