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1. Briefly explain why lump-sum taxes are considered to be non-distorting.
2. Why is the payroll tax not a lump-sum tax?
3. Which of these taxes generates a higher excess burden, relative to the amount of tax collected: a unit tax or an ad valorem tax? Why?
4. Demand for luxury goods like private airplanes and yachts is highly elastic, while supply of those same goods is inelastic. If an excise tax were imposed on the sale of private planes and yachts, would the tax incidence fall mainly on buyers or on sellers? Explain.
5. Give one or more reasons why our federal government relies heavily on income taxes for raising revenue, while not imposing any national sales taxes.
Create a class named Pizza. This class should have three fields : a String for topping ( such as pepperoni, e.g.) , an integer for diameter in inches ( such as 12, e.g.), an
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