Cities and towns mainly rely for revenue on a.excise taxes. b.income taxes. c.payroll taxes. d.property taxes. Official data may overstate the extent of poverty because a.it overstates the taxes paid by the poor. b.it overestimates the amount the poor earn in the “underground economy.” c.it does not add “in-kind” transfers to the incomes of the poor. d.poverty is a relative concept as opposed to an absolute concept.

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Cities and towns mainly rely for revenue on a. excise taxes. b. income taxes. c. payroll taxes. d. property taxes.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter15: Poverty And Economic Inequality

Section: Chapter Questions

Problem 33CTQ: Explain how you would create a government program that would give an incentive for labor to increase...

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Question

Cities and towns mainly rely for revenue on

	a.	excise taxes.
	b.	income taxes.
	c.	payroll taxes.
	d.	property taxes.

Official data may overstate the extent of poverty because

	a.	it overstates the taxes paid by the poor.
	b.	it overestimates the amount the poor earn in the “underground economy.”
	c.	it does not add “in-kind” transfers to the incomes of the poor.
	d.	poverty is a relative concept as opposed to an absolute concept.

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