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2 Nov 2020

11. The United States does have a/an _________________,that is, a tax imposed on the value of an inheritance.

a. estate tax

b. wealth tax

c. property tax

d. inherited wealth tax

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Microeconomics
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Evaluating the Government Policies to Reduce Income Inequality
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Raushan Raj
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2 Nov 2020

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Related questions

Discussion Board Topic: Wealth Inequality is a Controversial Subject: so on this discussion board voice your opinion on the following issues:

Should the richest Americans be taxed on their wealth?

Rich Americans have already paid income tax on the earnings that made them rich in the first place. Isn't taxing wealth double taxation?

Should wealthy American taxpayers pay inheritance and gift taxes in order to give their money to their family?

Keep in mind that you don't have to die to have to pay inheritance and gift taxes under the current tax code. Anyone who gives a family member more than $5 million is subject to the tax. Is that amount too high or too low, and why?

1. Which of the following is not a market-oriented environmental tool?

a. Pollution charges

b. Wealth tax

c. Pollution permits

d. Better-Defined property rights

 

 

2. Determine which scenerios best fits these terms: shoe leather costs, money illusion, menu costs, future price level uncertainty, wealth redistribution, price confusion, and tax distortions. (Some scenerios may not go in to any of the categories because 2 categories are missing)

a. john thins his new salary in NYC will increase his standard of living.(shoe leather costs, money illusion, menu costs, future price level uncertainty, wealth redistribution, price confusion, and tax distortions)

b. a jewelre observes the price of gold rise and wonders if there is a shortage of gold.(shoe leather costs, money illusion, menu costs, future price level uncertainty, wealth redistribution, price confusion, and tax distortions)

c. Kallie is taking more trips to the ATM now than in the past.(shoe leather costs, money illusion, menu costs, future price level uncertainty, wealth redistribution, price confusion, and tax distortions)

d. your grandmothers savings account pays 2% interest, but inflation is 5%.(shoe leather costs, money illusion, menu costs, future price level uncertainty, wealth redistribution, price confusion, and tax distortions)

e. the CEO of GM worries that his revenue revieved in the future wontn cover the expenses he incurs today. (shoe leather costs, money illusion, menu costs, future price level uncertainty, wealth redistribution, price confusion, and tax distortions)

f. Carson is angry because the price of donuts increased from $1 to $2 since last week.(shoe leather costs, money illusion, menu costs, future price level uncertainty, wealth redistribution, price confusion, and tax distortions)

g. Jim is reluctant to sell his stocks at the end of the year. (shoe leather costs, money illusion, menu costs, future price level uncertainty, wealth redistribution, price confusion, and tax distortions)

8. In 2015, the consumer price index (CPI) was 238,000 whereas it was about 100 in 1982. Suppose that one of your parents had a job that paid $28000 in 1982 and a job that paid $60,000 annually in 2015. Relative to 1982, we could say that your parents nominal income (increased, decreased or stayed the same) in 2015 and that your parents real income (increased, decreased or stayed the same).

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