Podcast
Questions and Answers
What type of tax is imposed upon an individual, whether citizen or not, residing within a specified territory without regard to their property or occupation?
What type of tax is imposed upon an individual, whether citizen or not, residing within a specified territory without regard to their property or occupation?
- Income Tax
- Excise Tax
- Property Tax
- Personal Tax (correct)
Which tax is imposed on real or personal property in proportion to its value?
Which tax is imposed on real or personal property in proportion to its value?
- Property Tax (correct)
- Excise Tax
- VAT
- Personal Tax
What type of tax is classified as any tax that is not a poll tax or a property tax?
What type of tax is classified as any tax that is not a poll tax or a property tax?
- Property Tax
- Excise Tax (correct)
- Estate Tax
- Personal Tax
Which tax is demanded from the person who cannot shift the burden to another individual?
Which tax is demanded from the person who cannot shift the burden to another individual?
Which tax type is intended for one person but the expectation is for them to pass on the burden to another?
Which tax type is intended for one person but the expectation is for them to pass on the burden to another?
What type of tax includes taxes like income tax, estate tax, and donor's tax where both the incidence and impact fall on the same individual?
What type of tax includes taxes like income tax, estate tax, and donor's tax where both the incidence and impact fall on the same individual?
What type of tax is the excise tax on cigars and liquors based on?
What type of tax is the excise tax on cigars and liquors based on?
Which tax is levied without a specific or predetermined purpose?
Which tax is levied without a specific or predetermined purpose?
In which type of tax does the tax rate increase as the base tax decreases?
In which type of tax does the tax rate increase as the base tax decreases?
What is the characteristic of a progressive or graduated tax?
What is the characteristic of a progressive or graduated tax?
Which type of tax achieves social or economic goals?
Which type of tax achieves social or economic goals?
Who bears the burden of taxes like VAT and percentage tax initially?
Who bears the burden of taxes like VAT and percentage tax initially?
What are the elements of a sound tax system according to the text?
What are the elements of a sound tax system according to the text?
What is the primary principle suggested by 'Theoretical Justice' in a sound tax system?
What is the primary principle suggested by 'Theoretical Justice' in a sound tax system?
Which of the following is an example of a National Tax according to the text?
Which of the following is an example of a National Tax according to the text?
In the context of taxation, what does 'scope' refer to?
In the context of taxation, what does 'scope' refer to?
Which classification of taxes involves taxes imposed on specific goods or services?
Which classification of taxes involves taxes imposed on specific goods or services?
Based on who bears the burden, which type of tax is designed to be directly shifted onto consumers by producers?
Based on who bears the burden, which type of tax is designed to be directly shifted onto consumers by producers?
