Question
Question 9 (4 points) Which of the following means Vertical equity? Taxpayers with the same amount of income pay the same amount of tax. Taxpayers
Question 9 (4 points)
Which of the following means Vertical equity?
Taxpayers with the same amount of income pay the same amount of tax. | |
Taxpayers with larger amounts of income should pay more tax than taxpayers with lower amounts of income. | |
All taxpayers should pay the same tax. | |
None of the above. |
Question 10 (4 points)
Which of the following is not a social objective of the tax law?
Prohibition of a deduction for illegal bribes, fines, and penalties | |
A deduction for charitable contributions | |
An exclusion for interest earned by large businesses | |
Creation of tax-favored pension plans |
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