Which of the following taxes is based on the benefit principle?
a. Income taxes paid for national defense
b. Payroll taxes paid for Social Medicare
c. Education taxes paid by parents
d. Income taxes paid for scientific research
c
Economics
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An increase in individual income taxes ________ disposable income, which ________ consumption spending
A) decreases; increases B) increases; increases C) decreases; decreases D) increases; decreases
Economics
Since 1970, the share of income in the
A. lowest quintile has increased and the share in highest has decreased. B. lowest quintile has decreased and the share in highest has increased. C. lowest quintile has increased and the share in highest has increased. D. lowest quintile has decreased and the share in highest has decreased.
Economics