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Q: What is essential characteristic of tax?
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Which is not a characteristic of a good tax?

Characteristics of a good tax are equality, simplicity, certainty, and efficiency. These are the only characteristics of a good tax.


What is a key tax characteristic associated with state and local securities?

State and local issues are referred to as municipal securities or tax-exempt offerings.


Which one of the following situations demonstrates the “equity” characteristic of a good tax?

Policy-makers lower the tax rate for individuals earning income below the poverty threshold.


2012 Tax Software Free?

With tax season around the corner, it is essential to begin gathering tax documents and getting the software. You can easily find the 2012 tax software free online. There are several different companies that offer the software free, which saves you from paying an accountant to do your taxes. It is a great way to save money and maximize your tax return in 2012.


What is an excise tax?

It is a category of tax. A tax imposed on the doing or manufacturing of something, as opposed to the selling or making an income on something. A Federal or state tax imposed on the manufacture and distribution of certain non-essential consumer goods. Examples of excise taxes include environmental taxes, communications taxes, and fuel taxes. 1. An indirect tax charged on the sale of a particular good; types of sales tax initially paid by the wholesaler 2. A penalty tax applied to ineligible transactions in retirement accounts. This penalty is assessed by and paid to the IRS.