Asked by Brianna Austin on May 01, 2024
Verified
A lump-sum tax would take different amounts from the poor and the rich.
Lump-Sum Tax
A tax that is a fixed amount, regardless of the tax base's changes in size or value.
- Acquire understanding of the benefits and features of various taxation systems, such as consumption taxes and lump-sum taxes.
- Delve into the principles governing taxation and their role in promoting tax justice and effectiveness.
Verified Answer
ZK
Zybrea KnightMay 05, 2024
Final Answer :
False
Explanation :
A lump-sum tax is a fixed amount of money that individuals are required to pay, regardless of their income level, meaning it takes the same amount from everyone.
Learning Objectives
- Acquire understanding of the benefits and features of various taxation systems, such as consumption taxes and lump-sum taxes.
- Delve into the principles governing taxation and their role in promoting tax justice and effectiveness.