The Haig-Simons comprehensive income definition defines taxable resources as: A.

Question

The Haig-Simons comprehensive income definition defines taxable resources as: A. income earned from participating in the labor market B. the increase in an individual's wealth. C. an individual's actual consumption for the year 4. D. an individual's potential annual consumption. There is a 50% income tax in a society with only two individuals. Both individuals have pre-tax incomes of S50,000. In period I, there is no tax deduction, and Harry gives $5,000 to charity while Sally gives $8,000 to charity. In period 2, the government makes charitable donations tax deductible and Harry gives S6,000 and Sally gives $12,000. The marginal impact of the tax break was the inframarginal impact of the tax break was A. S2,500; $13,000 B. $2,500: $6,500 C. $5,000; $13,000 D. $5,000; $6,500 The most cost-efficient tax breaks have inframarginal impacts. A. Smal; large B. large; small C. small; small D. large:large 6· marginal impacts and- 7. To satisfy both across-family horizontal equity and across-marriage horizontal equity, a tax system must be A. Progressive C. Regressive D. It is impossible for a tax system to satisfy both across-family horizontal equity and across-marriage horizontal equity simultaneously 8. All things equal, producers bear more of a tax when supply is All things equal, consumers bear more of a tax when demand is. A. elastic; elastic B. clastic; inelastic C. inelastic; elastic D, inelastic; inelastic

Explanation / Answer

4) The answer is C-) an individual's actual consumption for the year.

because, Haig-simons comprehensive income defines the taxable resources as a change in individual's power to consume during a year. and change in individual power to consume is knows as actual consumption. so the answer is an individual's actual consumption for the year.

5) and remaining question. please upload it againl. its against chegg policy .

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