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Author Question: Individuals are allowed to deduct a percentage of their expenditures for health care from their ... (Read 63 times)

Wadzanai

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on: Apr 19, 2019

Question 1

Horizontal equity holds that


◦ those with equal ability to pay should bear unequal tax burdens.
◦ those with equal ability to pay should bear equal tax burdens.
◦ those who benefit the most from government services should bear the higher tax burden.
◦ those who benefit the most from government services should have the greatest voice in determining what gets produced.

Question 2

Individuals are allowed to deduct a percentage of their expenditures for health care from their taxable income if these expenditures are above a certain amount. This reduces the amount that must be paid in taxes. Allowing for these deductions would improve ________ of the federal income tax.


◦ the horizontal equity
◦ the vertical equity
◦ both vertical and horizontal equity
◦ the progressivity
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by Wadzanai on Apr 19, 2019

Jevvish

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Reply #1 on: Apr 19, 2019
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Wadzanai

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Reply 2 on: Apr 19, 2019
Excellent

AISCAMPING

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Reply 3 on: Yesterday
Wow, this really help

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