5. Distinguish between proportional, regressive, and progressive taxation. (Bullock, page 373.)
6. What is an excess profits tax? (Bullock, pages 382-383.)
7. What is the importance of the license tax? (Bullock, pages 392- 393).
8. Distinguish between direct and indirect taxation. (Ely, pages 710- 711.)
9. What are "taxes on transactions"? (Ely, pages 719-720.) 10. What is meant by the shifting or incidence of taxation? (Fetter, pages 252- 253.)
TOPICS FOR INVESTIGATION AND REPORT
I
1. Make a list of enterprises supported out of public funds and providing services free to all, regardless of the payment of taxes.
2. Discover which of the following taxes are levied in your state: general property tax, income tax, inheritance tax, poll tax, license tax, transaction tax, sales tax, luxury tax, mortgage tax, franchise tax, excess profits tax.
3. Are tax assessors in your locality appointed or elected? Are there county or state boards of equalization in your state? How are these boards chosen?