Question: Choose the statement that is correct . A. The ability-to-pay principle can justify high fuel taxes to pay for freeways and high taxes on alcoholic

Choose the statement that is correct.

A. The ability-to-pay principle can justify high fuel taxes to pay for freeways and high taxes on alcoholic beverages and tobacco products to pay for public health-care services.

B. The benefits principle results in a tax system that is efficient and fair.

C. The benefits principle is a fair arrangement because it means that those who benefit most pay the most taxes.

D. The ability-to-pay principle results in a tax system that is efficient and fair.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

Social services primarily consist of Select one: a.welfare programs for low-income people. b.a government health plan for the poor. c.pensions collected for the infirm. d.the same services as Old Age...

Should There Be a Soda Tax? Joyce Beebe, Ph.D., Fellow, Center for Public Finance REPORT 10.07.19 2 tax, Warren Buffet once told the media that his secret of staying young and healthy is to drink...

I attached the instruction and the article to read in PDF format. Make sure to answer all questions and each question has to have 5 answers. Thank you, r 2010 Public Financial Publications, Inc....

6 | Consumer Choices Figure 6.1 Investment Choices Higher education is generally viewed as a good investment, if one can afford it, regardless of the state of the economy. (Credit: modification of...

1. Sam orally agreed to sell Jamie some land for $500,000. Jamie paid Sam the $500,000; Sam gave Jamie the deed to the land. Jamie took possession of the land and began building a cabin on it. One...

As the new auditor, you are to develop a comprehensive audit plan. The auditing standards describe the components of what is to be included in an audit plan. You are to describe accounting and...

Alternative Dispute Resolution The Search for Alternatives to Litigation Legislatures have tried to find alternatives to costly litigation. These alternatives are called \"alternative dispute...

4 Files 12:47 PM Mon May 16 Insert Draw Layout Review View Unit 3Microec0nomics Name: ELASTICITY Use the space below to take notes during class. Elastic: Unit Elastic: Inelastic: Perfect...

Consider and discuss the specific risks and nature of the company you will be auditing and create comprehensive work programs for the Acquisition, Payment, Property Plant, and Equipment (Fixed...

wk10 - Assignment 5: Business Plan - Final business plan and business plan financials. Note that this isSafeAssign check Running head: GOGOLD CORPORATION Week3: Assignment 1: Company Description and...

A rocket with a proper length of 700 m is moving to the right at a speed of 0.9c. It has two clocks, one in the nose and one in the tail, that have been synchronized in the frame of the rocket. A...

On June 30, 2011, Wisconsin, Inc., issued $300,000 in debt and 15,000 new shares of its $10 par value stock to Badger Company owners in exchange for all of the outstanding shares of that company....

Question 1 7 4 pts PHONES 4 Select the BEST interpretation of the y - intercept. We can expect the number of cell phones to increase by 2 5 million when the number of main lines increases by 1...

Patty Banyan is a single taxpayer, age 27 (birthdate May 18, 1992) living at 543 Space Drive, Houston, TX 77099. Her Social Security number is 466-33-1234. For 2019, Patty has no dependents, and...

Gothic Kings Ltd. Is a 100% owned subsidiary of Hadrian Inc. Gothic has been profitable in the past but incurred a loss for the year ended December 31, 20X3. Hadrian has indicated that if Gothic...

Write a story about the bugs rotating on the turntable. In your story, include how to find the distance the bug travels, the arc length, and the angular displacement.

1. This question is a long free-response question. Show your work for each part of the question. Vo t =t Rocket X reaches its maximum height t = 0 t = t2 Rocket X reaches the ground Rocket X is...

Practice Problem 1-Closing Entries Davis Creations had the following Adjusted Trial Balance at the end of the year. Davis Creations Adjusted Trial Balance December 31, 2020. Cash Accounts Receivable...

Write a program to wish happy birthday to a student. Firstly, take today month and day as an input and secondly take birthday as an input in the form of month and day. If the input day and month...

2. Information that comes most readily to mind (availability).

3. An initial value (anchoring).

4. Similarity (representativeness).