Taxes

Question 1

What is a government income from taxes and non tax sources ?

Answer 1

Revenue

Question 2

Where are the rights of the government to tax sat down ?

Answer 2

U.S constitution and state constitution

Question 3

A tax is a mandatory payment to what possible 3 things?

Answer 3

Local
State
National government

Question 4

What holds people who benefit directly from public goods should pay for them in proportion in the amount of benefits received

Answer 4

The benefits received principle

Question 5

Holds that people should be taxed on their ability to pay, no matter the level of benefits they receive.

Answer 5

The ability-to-pay principle of taxation

Question 6

The tax systems try to meet three criteria. What are they ?

Answer 6

Equity
Simplicity
Efficiency

Question 7

Or fairness of a tax is established by how uniformity the tax is applied

Answer 7

Equity

Question 8

Determined by how easy it is for the tax payer to understand and how easy it is for the government to collect

Answer 8

Simplicity

Question 9

The individual income tax best meets this criteria

Answer 9

Efficiency

Question 10

What is a mandatory payment to a local state or national government ?

Answer 10

A tax