Suppose Fairness Is Defined as Those with the Highest Incomes

question 8

Multiple Choice

Suppose fairness is defined as those with the highest incomes can afford to pay a greater proportion of their income in taxes. Then which of the following taxation systems would be consistent with this notion of fairness?

• A) A true flax tax.
• B) A flat sales tax on consumption purchases.
• C) A progressive tax on income.
• D) A fixed federal tax of $5,000 that everyone pays regardless of income status.

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Definitions:

Executive Summary

A condensed abstract of a business plan used to spark the reader’s interest in the business and to highlight crucial information.

Products And Services

Various goods offered for sale and activities provided for consumer needs or desires.

Business Plan Template

A pre-formatted document that provides a structured outline for detailing the strategy, financials, and operational goals of a new or existing business.

Small Business Development Center

A partnership program primarily funded by the government to provide assistance to entrepreneurs and small businesses in terms of management, operations, and other support services.