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The Four characteristics of a good tax are:
- <em>Equity:</em>:Taxes should be fair, and certain taxes should be given to taxpayers with similar characteristics.Could be on ability to pay. Example: Height tax is unfair.
- <em>Non-Distortionary:::</em>Taxes should not affect economic behavior.For example, they should not be so high that they discourage people from working.
- <em>Certainty::</em>People and firms should know when atax should be paid (and how much).<em> </em>Taxes should be stable, so that people and firms can plan their finances<em>.</em>
- <em>Convenience::</em>It must be simple and easy for people and firms to pay their taxes on a regular basis.<em> </em>For example, income taxes are collected by employers on a monthly basis from the salaries of the workers.
Answer:
True
Explanation:
I got this question wrong on the quiz cuz i said false and it was true so there u go
