Asked by
Lyndi Angub
on Nov 05, 2024Verified
The most efficient taxation system is a tax system that
A) is highly progressive.
B) minimizes the overall excess burden.
C) minimizes the total tax burden.
D) maximizes tax revenues.
Efficient Taxation
A taxation system designed to minimize the economic costs or distortions that it imposes on society, while achieving desired revenue and distributional effects.
Excess Burden
The cost to society created by market inefficiency, typically due to taxes or government policies that distort resource allocation.
Progressive
Relating to progressive policies or movements that advocate for change, reform, and innovation, often in the social, political, or economic sphere.
- Determine the attributes of an ideal tax system.
Verified Answer
JL
Learning Objectives
- Determine the attributes of an ideal tax system.