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Taxation in the United States: Quiz


Question 1: The National Bureau of Economic Research has concluded that the combined federal, state, and local government average ________ for most workers to be about 40% of income.
Flat taxProgressive taxTax rateProperty tax

Question 2: [30] The panel's major reform push was for the removal of the ________, which is not indexed for inflation.
Alternative Minimum TaxTaxation in the United StatesFairTaxCapital gains tax in the United States

Question 3: In ________, seeds, bulbs, starter plants and trees obtained from a garden center are taxed if adjudged for decorative purposes while plants for food production are untaxed, as is food in California.
San Jose, CaliforniaLos AngelesCaliforniaSacramento, California

Question 4: In recent years, a reduction in the tax rates applicable to capital gains and received ________ payments, has significantly reduced the tax burden on income generated from savings and investing.
Financial ratioEV/EBITDADividendReturn on equity

Question 5: ________, Oregon, Montana and New Hampshire have no state or local sales tax.
DelawareMarylandConnecticutNew Jersey

Question 6: Many states also impose a ________.
Tax havenFuel taxTax rates around the worldValue added tax

Question 7: In the tax year 2000, many taxpayers in ________ were caught unprepared by the AMT due to the sudden decline in technology stock prices.
Sunnyvale, CaliforniaSanta Clara, CaliforniaSan Jose, CaliforniaSilicon Valley

Question 8: One such group argues that the 16th Amendment to the ________ was not approved by the requisite number of states[31] and therefore never came into effect.
Continental AssociationUnited States CongressElectoral College (United States)United States Constitution

Question 9: Opponents of the transfer tax label these taxes "________".
Estate tax in the United StatesTaxation in the United StatesIRS tax formsFairTax

Question 10: There may be additional income taxes, sales taxes, and ________ (including use taxes).
Duty (economics)ExciseTax havenLand value tax


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