Answered

Many economists believe that the U.S. tax system would be made more efficient if the basis of taxation were changed so that people paid taxes, more so than they do now, based on their

A. income rather than their wealth.
B. spending rather than their income.
C. saving rather than their income.
D. wealth rather than their spending.



Answer :

GinnyAnswer

Final answer:

Economists advocate for taxing based on income over wealth for increased tax system efficiency and fairness.


Explanation:

Economists believe that changing the basis of taxation to be more focused on income rather than wealth would make the U.S. tax system more efficient. This shift is aimed at creating a fairer system where individuals pay taxes based on what they earn. For instance, a progressive tax system taxes higher-income individuals at a higher rate, allowing those likely to spend more to retain more disposable income.


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