Asked by

JIANGYI HUANG
on Oct 25, 2024

verifed

Verified

An efficient way to finance the provision of city services such as street cleaning would be to charge all city residents a lump-sum tax.Such a tax would be:

A) progressive.
B) regressive.
C) proportional.
D) This question can't be answered without knowing the amount of the tax.

Lump-Sum Tax

A tax that is a fixed amount and does not vary with the taxpayer's income or consumption levels.

Proportional Tax

A tax system where the tax rate remains constant regardless of the amount subject to tax, meaning everyone pays the same proportion of their income.

  • Examine the function and consequences of property taxes.
  • Understand the importance of tax systems within fiscal policy and their role in promoting social equity.
verifed

Verified Answer

DS
Demetria SeldenOct 27, 2024
Final Answer:
Get Full Answer