The federal personal income tax is based on the:
a. ability-to-pay principle of taxation.
b. benefits-received principle of taxation.
c. law of comparative advantage.
d. fallacy of limited decisions.
Answer: A
The federal personal income tax is based on the:
a. ability-to-pay principle of taxation.
b. benefits-received principle of taxation.
c. law of comparative advantage.
d. fallacy of limited decisions.
Answer: A