The property tax may be regressive even though wealthy people own much more

The property tax may be regressive even though

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119.The property tax may be regressive even though wealthy people own much more taxable property than do poor people. This possibility arises because: A. marginal and average tax rates on property tend to converge.B. wealthy people can evade property taxes while poor people cannot.C. property taxes on rental property and business property are shifted.D. statutory property tax rates decline as the value of property rises. 120.Which of the following taxes is most likely to be shifted? 121.Which of the following taxes is least likely to be shifted? 122.(Consider This) Which of the following claims is notmade by defenders of lotteries? 123.(Consider This) Payout rates for state lotteries: A. are considerably lower than payout rates from casinos.B. are considerably higher than payout rates from casinos.C. are roughly equal to the payout rates from casinos.D.cannot be compared with casino payout rates because states do not typically disclose their payout rates.124.(Consider This) A value-added tax (VAT): 125.(Consider This) Proponents of a value-added tax (VAT) claim that a VAT:

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