Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A new gas tax is being considered in Washington right now to help curb greenhouse gas emissions. It called Low Carbon Fuel Standard. The purpose

A new gas tax is being considered in Washington right now to help curb greenhouse gas emissions. It called "Low Carbon Fuel Standard." The purpose of this tax is to add more ethanol to fuel at the pump as it generates less carbon whe your car uses it. It would effectively add 25-60 cents per gallon of gas that you purchase to compensate for the more expesive gas. 

 

1. What type of tax system is this tax (flat, progressive, or regressive) and why?

2. Do you think this particular tax is ethical? Please give 2 reasons for yes it is ethical and 2 reasons for no is not ethical

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Tax System Analysis Type of Tax The Low Carbon Fuel Standard tax LCFS is not a traditional tax in the sense of directly generating revenue for the gov... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managing Business Ethics Making Ethical Decisions

Authors: Alfred A. Marcus, Timothy J. Hargrave

1st Edition

1506388590, 978-1506388595

More Books

Students also viewed these Finance questions

Question

Is it eyewitness or hearsay evidence?

Answered: 1 week ago