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Taxes are as certain as the death, because
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- They constitute the major source of government revenue.
- Government have no other source of revenue.
- Most PSUs are run inefficiently.
- Government has its own budget constraints.
- They constitute the major source of government revenue.
Correct Option: A
Benjamin Franklin’s utterance, “In this world nothing can be said to be certain, except death and taxes,” when applied in economics means that the largest amount of revenue raised by governments comes from taxation. The proverb draws on the actual inevitability of death to highlight the difficulty in avoiding the burden of taxes.
