Chapter Questions
Over the past several decades, has government grown more or less slowly than the rest of the economy?
What are the two most important sources of revenue for the federal government?
Why is the burden of a tax to taxpayers greater than the revenue received by the government?
Why do some economists advocate taxing consumption rather than income?
Give two arguments why wealthy taxpayers should pay more taxes than poor taxpayers.
What is the concept of horizontal equity, and why is it hard to apply?