The tax burden refers to
A) percentage of GDP that is taken in from the income tax.
B) the total amount of taxes paid by each household.
C) the disincentive to investment caused by capital gains taxes.
D) the additional cost of doing something like smoking or drinking alcohol because of the taxes imposed on that activity.
E) liberal tax and spend policies.
Question 2
Which of the following is an example of a tax preference?
A) cigarette taxes B) gasoline taxes C) tax credits for college tuition
D) taxes on imported goods E) value added taxes
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