Examlex
Which of the following are not true
Tax Policy
Refers to the principles and proposals governments use to design and implement taxes, affecting economic behavior, distribution of income, and fund public expenditures.
Income Quintile
A statistical measure dividing the population into five equal groups according to their income level to analyze economic inequality.
Lump-Sum Tax
A tax that is a fixed amount, not varying with the taxpayer’s income level or expenditure, making it independent of the taxpayer’s behavior.
Excise Tax
An excise tax is a tax charged on specific goods and services, such as gasoline, cigarettes, and alcohol, typically to discourage their use or generate revenue.
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