Of the following sources of tax revenue for state and local governments, which was the smallest in 2014?
A) sales taxes. B) the corporate income tax.
C) the individual income tax. D) the property tax.
B
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It is impossible to figure out the "true" or "final" cost of getting an education at public schools because
A) no one has an incentive to keep accurate figures. B) an education at any public school is in most, if not all cases, a free good. C) an education is necessary. D) things in themselves have no cost.
Which of the following would be most likely to encourage households to save a greater proportion of their income?
a. a reduction in the sales tax rate b. an increase in the capital gains tax rate c. an elimination of tariffs (taxes on imported goods) d. changing to a flat income tax (with a single tax rate charged on all income) e. changing from an income tax to a consumption tax