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Introduction to Taxation Quiz

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1. What is the main purpose of taxation?

2. Which type of tax is levied on specific goods or services at purchase point?

3. What type of tax is income tax?

4. What tax system uses the same tax rate for every income level?

5. Which type of tax takes a larger percentage from low-income earners?

6. What principle argues that taxpayers with a greater ability to pay should contribute a larger amount?

7. What is a tax haven?

8. What does a VAT stand for in taxation?

9. What type of tax is levied on wealth (cash and investments) held by a person at the time of death?

10. Which tax can influence consumer behavior and shape favorable health outcomes such as lower tobacco use?