Vertical equity refers to the notion that equally situated individuals should be taxed equally.
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Q40: States rely primarily on income taxes as
Q41: Loopholes reduce the efficiency of the tax
Q42: Tax loopholes reduce the excess tax burden
Q43: From the passage of the 16th amendment
Q44: The benefits principle states that the users
Q46: Vertical equity refers to the notion that
Q47: A tax that reduces economic efficiency is
Q48: Taxation alters the behavior patterns of individuals.
Q49: The more inelastic the demand for a
Q50: Consumers can avoid excess tax burden by
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