Taxation in America is always a "hot topic." In designing a taxation system

a. what are the basic principles to be considered?

b. how is the burden of a tax calculated?

c. list the three basic tax burdens (Hint: one of them is "progressive.") and list examples of each.

d. if the government creates a tax on wealth that taxes the first $50,000 of assets a person owns at 1%, the next $50,000 at 2%, the third at 3% and so on, what type of tax burden is that? How much tax would you owe if you had $125,000 in assets (car, personal property and small home)?