Question

According to Brunori, a shortcoming of most state income tax sytems is that

they are indexed for inflation

difficult to administer

not easily accepted by the public

most states have not been willing to adopt it

none of the above

According to Brunori, a shortcoming of many state corporate income tax systems is that:

they are indexed for inflation

difficult to administer

not easily accepted by the public

most states have not been willing to adopt it

none of the above

The strongest complaint against the sales tax is that it is:

progressive

regressive

vertically inequitable

horizontally inequitable

none of the above

Fair and efficient tax systems are a desired goal for states. But a big threat to accomplishing this is:

it's the progressive nature of most tax systems.

the quest for horizontal equity.

the quest for vertical equity.

the quest for economic development.

none of the above.

Inheritance taxes could be considered to be:

progressive

regressive

vertically inequitable

horizontally inequitable

none of the above

Severance taxes generally refer to:

		severance pay granted by companies when they fire employees
		severance pay granted by local governments when they fire employees
		severance pay granted by state when they fire employees
		severance pay granted by the Federal Government when they fire employees
		none of the above

Answer 1

As per policy only first four questions will be answered

1. Answer is option B. not easily accepted by the public

Brunori finds politics of corporate tax reform and observes little public support for reform of the state corporate tax.

2. Answer is option D horizontally inequitable

Horizontal inequality exists due to different economic choices by the different firms.

3. Answer is option D the quest for economic development

The primary objective of fair and efficient tax systems is to promote economic development.

4. Answer is option A Progressive

The nature of inheritance tax is progressing as average tax increases with increase in inheritance value.