A poll tax is
a. the same as a head tax and is regressive
b. the same as a head tax and is proportional
c. the same as an excise tax and is progressive
d. the same as a property tax and is regressive
e. a tax on voting
A
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Which of the following summarizes the limitations of monetary policy?
A. The Fed is most effective at influencing long-term interest rates but is unable to have a short-run impact on the economy. B. The Fed directly sets all interest rates, but no interest rate has any short-run effect on the economy. C. The Fed can directly influence many different interest rates, but it can only influence them a little bit. D. The Fed has a lot of control over just one interest rate, and interest rates influence economic activity in the short run only.
The Earned Income Tax Credit provides a tax credit or rebate to
a. businesses that undertake investment expenditures. b. taxpayers with incomes greater than $100,000. c. persons with low incomes who are working. d. single parent families when the parent stays home to take care of the children.