The Benefits of a Flat Tax Include All of the Following

question 49

Multiple Choice

The benefits of a flat tax include all of the following except

• A)Elimination of exemptions for children.
• B)Simplicity.
• C)Only one tax bracket.
• D)No deductions or exemptions.

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Definitions:

Supply Shift

A change in the availability of a good or service, caused by factors other than price, which results in a new supply curve position.

Tax Imposition

The process by which authorities levy taxes on individuals, businesses, or transactions to raise revenue for public expenditures.

Sales Tax

A tax imposed by a government on the sale of goods and services.

Tax Revenue

The financial gains secured by governments through tax revenue.