The main difference between direct and indirect taxes is that
a. indirect taxes are automatically deducted from workers' paychecks and direct taxes are not.
b. direct taxes are paid to state and local governments and indirect taxes are paid to the federal government.
c. direct taxes are taxes levied on people and indirect taxes are taxes levied on activities undertaken by people.
d. direct taxes are usually proportional and indirect taxes are usually progressive.
c
You might also like to view...
The diagram above illustrates the market for apartments in Victoria, British Columbia
a) If the current rent is $300 per month, is there a shortage or surplus in the apartment market and how much is the shortage or surplus? b) What is the equilibrium rent and quantity of apartments?
For the Cobb-Douglas production function F(L,K) = AL?K?, a technical change that increases the productivity of capital would be represented by:
A. an increase in the value of ?. B. an increase in the value of ?. C. values of ? and ? for which ? > ?. D. an increase in the value of A.
U.S. net unilateral transfers have been positive since World War II, except for 1991, when the U.S. government received sizable transfers from foreign governments to help pay their share of the Persian Gulf War
Indicate whether the statement is true or false
In the long run
A. the price level is independent of the level of output. B. the level of output is independent of the price level. C. price and output levels are mutually dependent. D. the level of output is depends on the price level.