A Tax Is Efficient If It Imposes a Large Excess

question 116

True/False

A tax is efficient if it imposes a large excess burden relative to the tax revenue it raises.

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Definitions:

Child Care Benefits

Employer-provided benefits or subsidies designed to help employees with the costs and logistics of child care.

Family and Medical Leave Act

A U.S. federal law that requires covered employers to provide employees with job-protected and unpaid leave for qualified medical and family reasons.

Liability Concerns

Refers to worries or issues related to the responsibilities and potential legal obligations of individuals or organizations.