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4. The following are examples of different tax system features. The five criteria for evaluating tax systems from Chapter 1 are listed below these examples,
4. The following are examples of different tax system features. The five criteria for evaluating tax systems from Chapter 1 are listed below these examples, labelled A-E. In the second column of the table next to each example, write the letter (one letter) of the single criterion that is most relevant for evaluating the example described. || For example: The IRS has used consistent reporting dates (e.g. April 15) so that taxpayers know when to expect taxes to come due. Most relevant criterion to evaluate the example: C. Answer Example In a made up world, Ben and Zach work at the same job for the same pay. However, the ruler of the world they live in decides she will tax all taxpayers whose first names start with letters at the end of the alphabet twice as much as other taxpayers. As a result, Zach pays twice as much in tax as Ben each year. U.S. employers are required to withhold taxes from employee wages and submit the collections to the government. This allows one central submission of employee taxes to the government from the employer instead of many individuals submitting separate taxes and forms. Many states and countries require the state balance its budget (i.e. that projected | receipts from tax revenues equal expenditures by the government) each year. VITIIS. A. Sufficiency; B. Equity; C. Certainty; D. Convenience; E. Economy
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