Homework Help: Economics-Tax Question

Posted by G on Tuesday, April 8, 2008 at 1:25pm.

I know the answer to the following question is either (c) regressive tax augement or (d) the ability-to-pay principal. I am not sure which one?

"A $1,000.00 tax paid by a poor person may be a larger sacrifise than a $10,000 tax paid by a wealthy person" is an argrment based on:
A)the horizontal equity principle
B)the benefits principle
C)a regressive tax argument
D)the ability-to-pay principle

Economics-Tax Question - economyst, Tuesday, April 8, 2008 at 1:56pm
Go with d)

Answer this Question

Related Questions

Economics - Property taxes, which are calculated as a percentage of the value ...
Economics - What describes a tax that is assessed according to benifits received...
Economics - A tax imposed on a maket with an inelastic demand and an elastic ...
Economics - A tax imposed on a market with an inelastic demand and an elastic ...
Economics - The marginal tax rate is defined as the extra taxes paid on ...
Economics - A monopolist is in long-run equilibrium and earning economic profits...
ECONOMICS - Suppose you are a typical person in the U.S. economy. You pay 4 ...
Economics-Repost of Question - I am not getting any of the answers that are ...
Economics - Which tax is usually the most regressive ?
government(taxes) - I am looking for a list of California state taxes. So far ...

For Further Reading

First Name:
School Subject:
Answer: