Ch 12
When federal expenditures exceed the federal tax revenues, how does the government fund the deficit
By borrowing money through sales and bonds
When I tax becomes a disincentive to have to work, The resulting reduction in the productivity is a form of
Deadweight loss
Which of these sources of government revenue best illustrates the benefits received approach to tax quality
Hey driver deposits coins in a parking meter
Which of these questions measures the efficiency of tax system
How much of the tax gets into the public treasury?
Which of these taxes is the leading source of revenue for the federal government
Individual income tax
Which of these is a progressive tax
Luxury tax
Most sales taxes are a regressive because
Poor tax payers spend a large portion of their income on tax able goods and services then do wealthier taxpayers
How do you state and local government's typically generate revenue to pay for education, law-enforcement, and fire protection services
Property, and sales taxes
To calculate the amount of text you multiply the tax base for the tax
Rate
The Internal Revenue Service routinely collects taxes from employees there a system of
Withholding