A law is passed requiring owners of real property in Thailand to pay real property tax in the Philippines. Is the law valid?

Q: Which of the following is not an example of excise tax? * A. Transfer tax B.…

A: Taxes are the compulsory payment made by individuals/firms to the government without having any…

Q: What do taxes pay for? Schools, government departments, roads, and emergency services…

A: Taxes is the compulsory payment which is levied by government on people or corporations. Taxes is…

Q: Economist Arthur Laffer famously pointed out that, in some cases, income tax revenue can actually go…

A: Arthur Laffer is the economist who explain the relationship between tax rates and the revenue…

Q: Read the following and answer question? ‘Exit tax’ to hit South Africans looking to emigrate from…

A: The exit tax is levied on the persons who migrate from their country to another country.  So, the…

Q: Taxes are a burden and an obligation and people have a negative attitude towards their tax…

A: Taxes are levies levied by the government on residents' incomes, products, and other assets, which…

Q: United States, the various state governments almost all have laws that require them to balance their…

A: Expansionary fiscal policy is utilized to launch the economy during a recession. It supports total…

Q: Assume that the federal government replaces the federal income tax with a national sales tax on all…

A: A federal income tax is the tax system where the incomes of individuals, firms, other companies are…

Q: The government started imposing a Digital Services Tax (DST) of six per cent on 1 January 2020 on…

A: Demand is the absolute quantity of goods and services that a consumer is willing to buy at different…

Q: In a certain country, income tax is assessed as follows: There is NO tax on income up to $15,000.…

A: An income tax is a tax forced on people or substances (taxpayers) in regard to the income or…

Q: Arrange the following revenues in the federal government, from greatest to least. Drag each item to…

A: In an economy, government collects revenue from different sources and use this revenue to finance…

Q: Write the letter of your choice on the space provided before each number. Thus, A – if only the 1st…

A: Progressive tax system is based on the ability to pay the principle.

Q: According to the textbook, which of the following statements is (are) correct? (x)  Taxes on…

A: Tax revenues are collected by the government to undertake government activities such as…

Q: An example of an indirect tax is: (a) income tax. example of an indirect tax is:         (b)…

A: Answer in Step 2 As bartleby guidelines i only have to answer only one MCQs

Q: Revenue from tax is always greater than government spending in SouthAfrica;

A: A tax is a compulsory financial charge being imposed upon a taxpayer by a governmental organization…

Q: ignificance of taxes to eliminate poverty and economic development in the Malaysian economy

A: Government imposed taxes for generating revenues. By generating revenues government pay salaries,…

Q: At the state and local levels in the United States, the largest source of tax revenue is   Group of…

A: At the state and local levels in the United States, the government collects tax revenues from the…

Q: Why do you oppose the taxation of purchasing NFTs? Infoslide: An NFT, which stands for non-fungible…

A: A digital asset that depicts real-world elements like as art, music, in-game items, and films is…

Q: True or False: a. Federal spending has grown substantially in recent decades. b. By world standards,…

A: Public expenditure means that the public economy 's funds expended on the procurement of products…

Q: What do you think would happen if there were no taxes and you could spend all your money on capital…

A: Taxes are one of the major sources of revenue for the government. In case, there are no taxes and…

Q: 1. This kind of tax is derived from the individuals, corporate estates, and trusts income. A.…

A: NOTE: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…

Q: There are two individuals in a society. The federal income tax in this society is such that that the…

A: Taxation: - Taxation is the imposition of some charges by the government of a country on the…

Q: Read the following and answer question? ‘Exit tax’ to hit South Africans looking to emigrate from…

A: *Answer:  Keynesian economics propose government intervention when there is a positive or negative…

Q: Which of the following is an indirect tax? 1. Capital Gains Tax 2. Excise Duty 3. Wealth Tax 4.…

A: A direct tax is one that is paid directly to the institution that imposed it. Individual taxpayers,…

Q: lease refer to the description of a tax on a market, represented by the graphic  How much tax…

A: Given the market where equilibrium is achieved where demand is equal to supply. At price of 6 $,…

Q: Which statement is an argument against a tax system that encourages savings?     that individuals…

A: The statement is that which is an argument against a tax system that encourages savings.  The…

Q: Critically evaluate the impending rise of sales tax planned by the Japanese government and its…

A: The authorized (GDP) gross domestic product sculpture though was more diminutive than the 7.1% drop…

Q: Taxes on corporate income generate more revenuethan individual income taxes.True______ False______

A: The individual income tax is the largest source of revenue generation since 1950. It contributes…

Q: What has been the impact of the Supreme Court ruling in  Citizens United v. Federal Election…

A: The Supreme Court of the United States is the country's highest court. It is the judicial branch of…

Q: Which tax is the largest source of tax revenue in the United States? personal income taxes…

A: The largest source of the tax revenue of the United States government has individual tax been since…

Q: True or false the burden of of the tax falls on the party who actually pays the money for the tax to…

A: Taxes are an important government policy instrument that is used to collect revenue from the public…

Q: Higher corporate taxes, higher capital gains taxes, and higher marginal tax rates shift aggregate…

A: A charge that is being imposed by the government on the income of individuals, goods or services or…

Q: A tax whose impact varies inversely with the income of the person taxed, and poor people have a…

A: In the case of the regressive tax rate, the greater burden of tax is imposed on the poorer people…

Q: If after a tax is imposed, the price paid by the buyer rises by $3 while the price received by the…

A: Given, After tax, price paid by buyer = rose by $3 After tax, price received by seller = falls by $2…

Q: To minimize dead weight loss resulting from taxation, a. tax revenue should be maximized. b. tax…

A: Dead weight loss is the sum of area of consumer distortion and producer distortion. It is the result…

Q: It is generally agreed that excise taxes should be imposed on sellers of tobacco but not on sellers…

A: An indirect tax that is being levied on the sale, license, or production of certain goods by the…

Q: A tax on the sellers of cheese           increases the size of the cheese market.…

A: Tax incidence refers to the burden of tax on buyers and sellers. The proportion of burden depends on…

Q: The government decides that it will cut taxes in an attempt to move the economy out of a severe…

A: If the government decides that it will cut taxes in an attempt to move the economy out of a severe…

Q: Question 33 Do buyers or sellers bear more of the burden of this tax? Group of answer choices…

A: With tax of $6 per unit, quantity sold in market is 20.

Q: A new elected government want to reform its tax system. As an economist you are hired to advise the…

A: When a taxing body, typically a government, levies or imposes a financial responsibility on its…

Q: President Clinton has seized the cigarette excise tax as an expedient and politically correct means…

A: Given, The decrease in sale of cigarette = 4% Increase in price = 10% Over three years, the decline…

Q: The marginal tax rate is equal to :the change in the tax payment divided by the change in income.…

A: Taxes are the legal proceedings that are applied and imposed by a country’s government over the…

Q: There are two individuals in a society. The federal income tax in this society is such that that the…

A: Progressive taxation means the tax rate is lower for low-income groups and higher for high-income…

Q: A regressive tax is a tax for which people with lower incomes Group of answer choices pay a lower…

A: Mainly there are 3 types of taxes which are imposed by the government. These are proportional taxes,…

Q: Which of the following is true of indirect business taxes? a) They are included in corporate…

A: Meaning of Gross Domestic Product (GDP): The term gross domestic product refers to the situation…

Q: There are two individuals in a society. The federal income tax in this society is such that that the…

A: A progressive tax is one that is based on the ability of the taxpayer to pay.

Q: Income Tax rates will be changed to the following Marginal Tax Rates given by: T(I) = 40*I2/ I2+1000…

A: Marginal tax rate refers to the tax rate that imposed on the last dollar of income.

Q: Do all these taxes and licenses reduce our disposable income?     Why do we sacrifice and pay…

A: Disposable Income: The amount of money that an individual spends on consumption and savings after…