A tax system achieves efficiency when it maximizes the amount of tax paid by the wealthiest citizens.

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Manasi Sridhar · Accepted Answer

Final Answer : False, Explanation :  Efficiency is achieved when the tax system is able to raise sufficient revenue for the government to provide public goods and services while minimizing distortions and inefficiencies in the economy. Maximizing the tax paid by the wealthiest citizens does not necessarily achieve this goal, as it may create disincentives for economic activity and investment. A balanced tax system that considers fairness, simplicity, and effectiveness may be more efficient than one that targets only the richest individuals.

A tax system achieves efficiency when it maximizes the amount of tax paid by the wealthiest citizens.

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