Which of the following statements is/are correct? Select one: a. A head tax is proportional to the income base. b. An excise tax of R20 000 is payable on imported vehicles with a value of R160 000. The tax increases to R37 500 if the value of the vehicle is R300 000. The tax rate structure is therefore proportional. Direct taxes such as a tax on cigarettes can be shifted easily. C. O d. Taxing the value of shares owned by individuals is an excellent base for personal income tax. Check
Which of the following statements is/are correct? Select one: a. A head tax is proportional to the income base. b. An excise tax of R20 000 is payable on imported vehicles with a value of R160 000. The tax increases to R37 500 if the value of the vehicle is R300 000. The tax rate structure is therefore proportional. Direct taxes such as a tax on cigarettes can be shifted easily. C. O d. Taxing the value of shares owned by individuals is an excellent base for personal income tax. Check
Chapter12: The Partial Equilibrium Competitive Model
Section: Chapter Questions
Problem 12.10P
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