Exam 12: The Design of the Tax System.

State and local governments receive the largest portion of their tax revenues from

Table 12-1 -Refer to Table 12-1.If Damian has $33,000 in taxable income,his average tax rate is

"A $1,000 tax paid by a poor person may be a larger sacrifice than a $10,000 tax paid by a wealthy person" is an argument in favor of

Sales taxes generate nearly 50% of the tax revenue for state and local governments.

Social Security is an income support program,designed primarily to maintain the living standards of the poor.

Table 12-2 Consider the tax rates shown in the table below. -Refer to Table 12-2.If Noah has taxable income of $43,000,his marginal tax rate is

According to the ability-to-pay principle,it is fair for people to pay taxes based on their ability to handle the financial burden.

Table 12-12 United States Income Tax Rates for a Single Individual, 2009 and 2010. -Refer to Table 12-12.Kurt is a single person whose taxable income is $35,000 a year.What happened to his marginal tax rate between 2009 and 2010?

Because the marginal tax rate rises as income rises,

The flypaper theory of tax incidence

As government debt increases,

Table 12-14 -Refer to Table 12-14.A proportional tax is illustrated by tax

Suppose the government levies a "fat tax" on naturally-sweetened carbonated beverages to try to reduce the number of overweight children.If the tax revenues pay for the health problems of overweight children,the tax would satisfy the

The U.S.federal government collects about one-half of the taxes in our economy.

If a poor family has three children in public school and a rich family has two children in private school,the ability-to-pay principle would suggest that

If Vermont imposed a tax on butter of 50 cents per pound,it would

If transfer payments are included when evaluating tax burdens,then the average tax rate of the poorest quintile of taxpayers would be approximately

Table 12-13 The dollar amounts in the last three columns are the taxes owed under the three different tax systems. -Refer to Table 12-13.Which of the three tax systems is proportional?