8.7 Taxes: Crash Course Economics #31

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•
History
•
12th Grade
•
Hard
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12 questions
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1.
FLASHCARD QUESTION
Front
What did U.S. Supreme Court Justice Oliver Wendell Holmes say about taxes?
Back
Taxes are what we pay for civilized society.
2.
FLASHCARD QUESTION
Front
What is the main goal of taxation?
Back
To promote the well-being of society.
3.
FLASHCARD QUESTION
Front
What is the purpose of luxury taxes?
Back
to redistribute wealth in a society from people who have more to people who have less.
4.
FLASHCARD QUESTION
Front
What is the main difference between direct and indirect taxes?
Back
Direct taxes are paid by a person or organization to the government body that imposes the taxes. Indirect taxes are collected by a seller or producer of goods, but they're actually paid by consumers.
5.
FLASHCARD QUESTION
Front
What was one of the main causes of the American Revolution?
Back
Taxation without representation
6.
FLASHCARD QUESTION
Front
What did some European men do during the Middle Ages to avoid taxes?
Back
Became monks
7.
FLASHCARD QUESTION
Front
What is the main argument against a flat tax system?
Back
It is regressive
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