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QUESTION
a. Suppose the only objective of the tax system is to collect $6,000 from people who make $30,000. Which of the tax systems described in questions 1
a. Suppose the only objective of the tax system is to collect $6,000 from people who make $30,000. Which of the tax systems described in questions 1 through 4 is best? Why?
b. Suppose the only objective of the tax system is to be efficient. Which of the tax systems described in questions 1 through 4 is best? Why?
c. Suppose the only objective of the tax system is to be vertically equitable based on the ability-to-pay principle. Which of the tax systems described in questions 1 through 4 is best? Why?
