Many Economists Believe That the U

question 266

Multiple Choice

Many economists believe that the U.S.tax system would be made more efficient if the basis of taxation were changed so that people paid taxes,more so than they do now,based on

• A) their saving rather than their income.
• B) their spending rather than their income.
• C) their income rather than their wealth.
• D) their wealth rather than their spending.

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Definitions:

Liquor Licence Board

A regulatory body responsible for issuing permits and overseeing the sale and distribution of alcoholic beverages within a jurisdiction.

Administrative Tribunal

A specialized government body that adjudicates disputes, typically in administrative and regulatory matters, operating outside the formal court system.

Civil Servants

Employees of government departments or agencies, typically excluding military or elected officials, responsible for implementing government policies.

Provincial Legislature

A provincial legislature is a law-making body at the provincial level in federal systems, responsible for creating laws applicable within that province.