The sales tax is the most progressive tax in the United States.

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1.The sales tax is the most progressive tax in the United States.

a.True ·

b.False

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2.State and local governments are NOT required by law to balance their budgets each year.

a.True

b.False

3.Rubin says that the “taxation equation” is one in which if people see how their tax dollars will be spent, then people are more likely to accept the increase.

a.True

b.False

4.The federal policy-makers, according to Rubin, channel most of their budgetary work into planning expenditures, rather than enhancing revenues.

a.True

b.False

5.State governments have available revenue sources that Congress has given them by law, or revenue sources that Congress has not specifically said that they could not institute.

a.True

b.False

6.The “nuts and bolts” of public finance and budgeting for each level of are clearly defined in the U.S Constitution.

a.True

b.False

7.All state and local governments focus on fiscal and monetary policies in their budgeting processes.

a.True

b.False

8.A regressive tax is defined as one in which taxes as a percentage of income goes down, as the amount of income goes up.

a.True

b.False

9.Even if the property tax rate goes down, the property tax levy can increase.

a.True

b.False

10.Local governments, in general, depend more on sales tax revenues, than prope1iy tax revenues to conduct their business.

a.True

b.False

11.According to Rubin, budget power is NOT perceived as an important component of political power.

a.True

b.False

  1. 12.A top-down approach, the executive-dominated budget process is much more responsive to policy concerns.

a.True b.False

13.According to the book, “Memos to the Governor”, performance budgeting involves matching expenditure with measuring progress towards statewide goals.

a.True

b.False

14.Due to constitutional limitations, NO state governor is able to exercise line-item veto power on state budgets, as the President can on federal budgets.

a.True

b.False

15.According to the book, “Memos to the Governor”, the budget practices in each of the 50 states are the same to comply with federal law.

a.True

b.False

16.As a whole, the U.S. tax structure is neither regressive, nor progressive, but fairly prop01tional.

a.True

b.False

17.The budget process and type of budget format a local government chooses has NO effect on budget outcomes.

a.True

b.False

18.State and local government budgets in Minnesota are the same in terms of budget cycle, process and format by law.

a.True

b.False

 

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