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Question A $1,000 tax paid by a poor person may be a larger sacrifice than a $2,000 tax paid by a wealthy person" is an argument in favor of OA) the horizontal equity principle B) the ability-to-pay principle. a regressive tax argument. D) the benefits-received principle.

Question A $1,000 tax paid by a poor person may be a larger sacrifice than a $2,000 tax paid by a wealthy person" is an argument in favor of OA) the horizontal equity principle B) the ability-to-pay principle. a regressive tax argument. D) the benefits-received principle.

Economics Today and Tomorrow, Student Edition
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter16: Government Spends, Collects, And Owes
Section16.4: Taxation
Problem 1R
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Question A $1,000 tax paid by a poor person may be a larger sacrifice than a $2,000 tax paid by a wealthy person" is an argument in favor of OA) the horizontal equity principle B) the ability-to-pay principle. a regressive tax argument. D) the benefits-received principle.
Transcribed Image Text:Question A $1,000 tax paid by a poor person may be a larger sacrifice than a $2,000 tax paid by a wealthy person" is an argument in favor of OA) the horizontal equity principle B) the ability-to-pay principle. a regressive tax argument. D) the benefits-received principle.
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