Which of the following statements about lump-sum taxes is correct A. A lump-sum tax means that tax revenues vary directly with G

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3 years ago

5

Which of the following statements about lump-sum taxes is correct A. A lump-sum tax means that tax revenues vary directly with G

DP. B. A lump-sum tax means that tax revenues vary inversely C. A lump-sum taxes means that the tax applies to only one time period. D. A lump- sum tax means that the same amount of tax revenue is collected at each level of GDP.

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1 answer:

Deffense [45] · Answer 1 · 2022-05-01T20:23:57+03:00

Deffense [45]3 years ago

3 0

D

Lump-sum taxes are described as regressive taxes, meaning that the more income one has, the less they pay in proportion of their income to tax. As a result, they all pay the same, which coincides with D.