Question

True/False: Policy makers must strive for an income tax system that is progressive, marriage neutral, and...

  1. True/False:
  2. Policy makers must strive for an income tax system that is progressive, marriage neutral, and based on family income.

Homework Answers

Answer #1

True

Policymakers should take into account of the individuals and the cost to them so that the tax system remains fair and equitable. By being progressive, it charges less income share of the poor which is justified. Tax should not be higher for an unmarried person, otherwise it will give incentive or disincentive to marry. Also, it should be based on family income, since a family is a unit where each member look after the other, so considering the family is important.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Over the years, policy-makers have made much of their attempts to eliminate tax “marriage penalties.” How...
Over the years, policy-makers have made much of their attempts to eliminate tax “marriage penalties.” How successful have these efforts been (give at least one example), and why do you think we have not seen an equal enthusiasm for eradicating tax “marriage bonuses?”
what is a progressive income tax system and what is one way that an income tax...
what is a progressive income tax system and what is one way that an income tax system may be structured so that it can be progressive
True or False : The type of tax that is most effective is Progressive. People of...
True or False : The type of tax that is most effective is Progressive. People of higher income levels will pay more and lower income individuals are not impacted at all. Identify wheth er you believe the above statement is True or False . Provide an explanation to support your answer. Your explanation should include definitions for any terms used from this section. Make sure to consider the entire statement in your answer .
IsThe income tax system for this country is? Progressive, Regressive or Proportional?
IsThe income tax system for this country is? Progressive, Regressive or Proportional?
The income tax system of the United States is a progressive tax system for individual taxpayers....
The income tax system of the United States is a progressive tax system for individual taxpayers. Whereas corporations pay a flat 21% (proportional income tax system). What surprised you about the tax system in the United States? What experience, if any, do you have with taxation in the United States? As adults, I am sure you are subject to some of the taxes mentioned in the chapter. Lastly, in two or three sentences, discuss any tax-related issue currently in the...
A poll tax is a tax where everyone pays the same absolute amount to the government....
A poll tax is a tax where everyone pays the same absolute amount to the government. Is it progressive, regressive, or distributionally neutral? A basic income is a benefit where everyone receives the same absolute amount from the government. Is it progressive, regressive, or distributionally neutral? Suppose you learn that the richest 10% of people pay 30% of income tax. Does it mean that the tax system is progressive? Some governments of developing countries give scholarships for some of their...
If the statement is false, make a correction to make the statement true. Each question is...
If the statement is false, make a correction to make the statement true. Each question is worth 5 points (for a total of 60 points). Partial answer (that is, the statement is false, but your correction is wrong) will get ½ credit. 4. A progressive tax policy cannot be achieved with the enactment of tax credits that are targeted to individuals based on their income level. True/False _____________ Correction to make true ____________________________________________________________________________________ 5. Statutory and Economic Incidence when analyzing...
Income Tax owed with System A Tax owed with System B Tax owed with System C...
Income Tax owed with System A Tax owed with System B Tax owed with System C $25,000 $5,000 $15,000 $2,500 $50,000 $10,000 $20,000 $10,000 $75,000 $15,000 $25,000 $22,500 $100,000 $20,000 $30,000 $40,000 a. What is Tax System A, progressive, proportional, or regressive? b. What is Tax System B, progressive, proportional, or regressive? c. What is Tax System C, progressive, proportional, or regressive?
Scenario 1 The government is proposing switching from a progressive tax system, in which families pay...
Scenario 1 The government is proposing switching from a progressive tax system, in which families pay 15% of the first $40,000 earned, 30% of the next $40,000 earned, and 45% of any income over $80,000 to a tax system in which every family pays ¼ of its income regardless of how much they earn and all income redistribution is eliminated. That is, the tax revenue generated is used only for infrastructure, public administration, and national defense. 36. According to Scenario...
In a progressive tax system, if a person moves from one income bracket to a higher...
In a progressive tax system, if a person moves from one income bracket to a higher income bracket both the marginal tax rate and average tax rate will be higher. both the marginal tax rate and average tax rate will be lower. the marginal tax rate will be lower and the average tax rate will be higher. the marginal tax rate will be higher and the average tax rate will be lower. In working to correct a recession with fiscal...