1. All surveys of tax policy across the globe conclude that countries with the lowest national income have
a. the lowest personal income and business taxes
b. the highest personal income and business taxs
c. the highest business taxes and lowest personal income taxes
d. the lowest business taxes and highest personal income taxes
2. Twenty-first century studies of the "Fortune 500" companies have shown that
a. most pay the 35% official corporate tax rate
b. 50 percent pay the official rate
c. most pay a small fraction of the official rate and some even receive refunds
d. the most profitable pay the highest rate of taxes
3. Even though the "47" that Mitt Romney claimed pay no income taxes is true only if you count those Americans who owe the federal government nothing or are entitled to refunds after withholding income taxes that fact that he made this statement to a group of wealthy contributors is evidence that he
a.is trying to coverup the fact that he paid !3% on an income greater than 20 million
b. Believes that he can use the Big Lie technique with impunity
c. doesn’t know from personal experience what with-holding taxes are
d. all of the above
4. While taxes on high incomes and corporations have dropped very sharply over the last three decades
a. real wages have grown significantly
b. regressive federal payroll taxes, local property taxes, and state fees for roads, tunnels and bridges have reason sharply
c. regressive federal payroll taxes, local property taxes and state fees for roads, tunnels and bridges have remained the same
d, states and communities have used the sharp decline in federal progressive taxation to upgrade education, infrastructure, and social services
5, Although U.S. reactionaries often denounce progressive taxation as socialism, in a socialist economy
a.productive wealth is publically owned so there is no reason to tax it
b. the tax rate is high only on stock brokers
c. workers pay a “worker gains” tax
d. workers receive a solar energy depletion allowance
