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Well founded in some instances and not well founded

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Well-founded in some instances and not well-founded in some instances Question 8 3 out of 3 points Since 2004, the highest personal income tax bracket has been Answer Selected Answer: 35% Correct Answer: 35% Question 9
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3 out of 3 points Proportional tax rates mean that the ratio of tax collection to income Answer Selected Answer: Remains the same as income rises Correct Answer: Remains the same as income rises Question 10 3 out of 3 points The highest effective federal tax rate in the United States falls on which income category? Answer Selected Answer: The top 1% Correct Answer: The top 1% Question 11 3 out of 3 points Total government expenditures represent approximately what fraction of GDP? Answer Selected Answer: One-third
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Correct Answer: One-third Question 12 3 out of 3 points A cash payment from the government to an individual, based on need, is an example of a Answer Selected Answer: Transfer payment Correct Answer: Transfer payment Question 13 0 out of 3 points The single most important source of tax revenue for the local governments in the United States is the Answer Selected Answer: Personal income tax Correct Answer: Real property tax Question 14 0 out of 3 points The Economic Growth and Taxpayer Relief
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Reconciliation Act passed by Congress and signed by President George W. Bush did which of the following? Answer Selected Answer: Immediately cut federal tax rates by one-third Correct Answer: Gave a $300 check to each taxpayer Question 15 0 out of 3 points Tax equity means that Answer Selected Answer: All people should pay equal taxes Correct Answer: People in the same economic circumstances should pay equal taxes, and people in different economic circumstances should pay unequal taxes
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Well founded in some instances and not well founded in some...

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