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Author Question: Your local government needs to increase tax revenue. To increase tax revenue it can either increase ... (Read 81 times)

Mr. Wonderful

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on: Apr 19, 2019

Your local government needs to increase tax revenue. To increase tax revenue it can either increase the property tax on residential property or increase the property tax on all property. The government wants to impose the smallest excess burden possible. What would your recommendation be?


◦ to increase the property tax only on residential property because this tax cannot be shifted
◦ to increase the property tax on all property because the demand for all property is less elastic than the demand for residential property
◦ to increase the property tax on all property, because this tax would be less regressive than a tax only on residential property
◦ to increase the property tax only on residential property because taxpayers are allowed to deduct property taxes from their federal income tax liability, thus reducing the amount they must pay in federal taxes
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by Mr. Wonderful on Apr 19, 2019

AmberC1996

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Mr. Wonderful

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Reply #2 on: Apr 19, 2019
TY


AmberC1996

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Reply #3 on: Apr 19, 2019
You're welcome


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