a. Differentiate a wealth tax from a wealth transfer tax and give examples of each. b. Differentiate

Question:

a. Differentiate a wealth tax from a wealth transfer tax and give examples of each.
b. Differentiate a tax based on consumption from an income tax and illustrate with an example.
c. Over what ranges of taxable income in 2013 would the income tax liability be equal for two persons with equal incomes who file as single individuals or who file jointly as a married couple?