Sources of Government Revenue and Government Spending

Answer the following questions in complete sentences with support for your answers in 2-3 sentences each: 1. What are the criteria for effective tax? 2. Compare and contrast the characteristics of proportional, progressive, and regressive tax. 3. What are the main points of the two principles of taxation? 4. Explain the significance of sin tax. 5. What is the difference between national debt and federal deficit?

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