How is a tax system best defined if it is characterized by small deadweight losses and small administrative burdens
A)equitable
B)communistic
C)capitalistic
D)efficient

Question

Quizplus · Accepted Answer

A tax system with small deadweight losses and small administrative burdens is considered efficient. This means that the tax system is able to generate revenue while minimizing the costs incurred on taxpayers and the government. Such an efficient tax system is generally regarded as desirable because it maximizes the net value of tax revenue to society.

How Is a Tax System Best Defined If It Is