Answered: Discuss justice and fairness while…

Discuss justice and fairness while answering the questions. 1. Who should pay for the cost of social housing in the Philippines?

Principles of Economics (MindTap Course List)

8th Edition

ISBN:9781305585126

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter12: The Design Of The Tax System

Section: Chapter Questions

Problem 5CQQ

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Question

Discuss justice and fairness while answering the questions. 1. Who should pay for the cost of social housing in the Philippines? 2. Who should carry the burden of taxation? 3. Who should benefit from the taxes?

Rules by which an authority (usually a government) imposes a financial obligation on individuals or organizations within its domain. Property or transactions can be taxed. While taxes are primarily intended to fund the operation of a government, many tax laws are created to encourage or discourage certain behaviors by citizens or companies.

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