Congress may declare war Group of answer choices With approval by a two-thirds (2/3) margin in both houses. With approval by a simple (50% +1) majority in both houses. Subject to presidential veto and a two-thirds (2/3) vote by both houses to override. Both "a" and "c." Both "b" and "c."
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- A progressive tax is correctly defined as one in which (considering the general taxpayer population or the average taxpayer):Response option group a) The ratio of the amount of taxes paid to the income received is the same for all income levels b) The same amount of tax is paid by each taxpayer, regardless of their income c) The percentage of income that goes to pay taxes increases as income increases d) The amount of money paid in taxes increases as income decreases e) None of the statements is correctHow will Effective Tax Structure and Tax Collection help the economy during covid-19 pandemic?Tax rate rise when the income of the consumer rise in case of progressive tax system. True/False
- Discuss at least three problems and issue which beset efficient and effective tax administration in the PhilippinesDifferentiate between enumerated and implied powers. Provide examples. Provide examples of powers exclusive to the federal government and powers reserved for state governments. Provide examples of concurrent powers.13) The primary source of revenue of the Federal Government are percent pay a) corporate taxes, nearly 60% of all Federal personal income taxes. b) personal income taxes, nearly 60% of all Federal personal income taxes. c) property taxes, close to 70% of all Federal personal income taxes. d) sales and excise taxes and user charges. 6 and the top five
- _______ 10) National bills must always be proposed by members of Congress.Define the three principles of sound tax system (Fiscal Adequacy, Equality or Theoretical Justice, Administrative Feasibility)(please do not copy answers on the internet, a brief explanation will do. thank you)the personal income tax rate is 31%, the dividend income tax rate is 12% and the corporate tax rate is 20 %, what is the effective tax advantage of debt? (The answer can be positive or negative.)
- The main revenue sources for state and local governments are ____________. Group of answer choices import taxes sales taxes corporate taxes property taxesCritically evaluate the impending rise of sales tax planned by the Japanese government and its effect on the demand and eventually public spendingTax to GDP ratio is a useful index in showing how effective the government is in collecting taxes and how compliant the citizens are. The tax to GDP ratio in the European union averages to 40% while in sub-Saharan Africa the best that can be achieved is 20%. Suggest factors responsible to this poor tax revenue performance in sub-Saharan Africa.