Do tax deductions and tax credits create incentives for taxpayers?

Q: What is the difference between evading and avoiding a tax obligation?

A: Tax evasion is a criminal offence in which a person or company knowingly avoids paying their true…

Q: Define progressive tax.

A: A tax refers to an amount imposed on the person, commodities or any other item to earn revenue for…

Q: What happens to a country's economy if there is a high tax for the company that earns more in that…

A: Taxes are the mandatory payments that has to he made to the government.

Q: Explain: “Politicians would make more rational economic decisions if they weren’t running for…

A: Elections are the time when the government play vote-bank politics and in order to attract more…

Q: Why do you think we should use taxation as a redistribution tool in a country?

A: Meaning of Equality and Efficiency: The term efficiency refers to the situation when an economic…

Q: Where does our taxes goes? What are the things that the government do to our taxes? Who are those…

A: As economies emerged, economic agents increased their demand for goods and services. Production of…

Q: How can the government improve tax collections without imposing much tax to the consumer?

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

Q: A set of ideas, values and beliefs about government and society That helps people make sense of…

A: Answer: Ideology: Ideology refers to the set of ideas, beliefs, manner of thinking, etc. of a person…

Q: What is merits and demerits of direct tax?

A: A tax is described as one that the government imposes on citizens who participate in the economy in…

Q: What is free-riding? Is it positively related to tax revenue or other way if it is a problem for the…

A: Free riding refers to the reliance on fellow consumers of a certain good or service for payment.…

Q: Do tax deductions and tax create incentives for taxpayers?

A: A gift offered to those in order to motivate him to perform something specific is known as an…

Q: Do you think we should use taxation as a redistribution tool in a country?

A: Inequality has increased in both developing and developed nations. In my opinion, taxation as a…

Q: Do you think that dead weight loss of soda junk food tax would be relatively large or relatively…

A: Deadweight loss is a measure of loss of efficiency and it occurs when the demand and supply is not…

Q: On what basis are taxes levied?

A: On the basis of levying of taxes, they can be classified into 3 categories:   Proportional Tax:…

Q: ._______ The government spends more than it receives.

A: Taxes are unintended fees placed on individuals or companies and levied by a government agency –…

Q: How important is tax in a government?

A: A tax refers to a compulsory financial fee or some other type of levy imposed on a taxpayer by a…

Q: Why are people closest to local government?

A:

Q: what the meaning of tax?

A: Tax is a compulsory contribution to the state's revenue that is levied by the government of each…

Q: What is the major aim of political parties in the United States?

A: The political parties are the group of the individuals which is determined by the presence of the…

Q: Why do you think we should use taxation as a redistribution tool in a country?

A: There is obviously a strong case for shifting resources from those at the top of the income scale to…

Q: Why is tax necessary for the government? Substantiate your answer in 2 paragraphs

A: A country is controlled by it's government

Q: Does the Constitution create the power for the State to tax? Justify.

A: In an economy/society, various economic, social and political principles and rules are implemented…

Q: Discuss how a government might use taxation to affect the distribution of income

A: In an economy, the inequality of income distribution can be explained by the situation when a richer…

Q: What determines whether the buyer or seller pays the bulk of the tax?

A: The incidence of tax depends on the relative price elasticity of demand and supply.

Q: Which taxation system is best and which is the worst?

A: There are three types of tax systems 1. Progressive 2. Proportional 3. Regressive

Q: Refusing to pay taxes because you disapprove of how the money is being used by the government is an…

A: Taxes are described as a legal payment made by citizens of a country to the government that is…

Q: Why are some people drawn to government while other people don't want to have anything to do with…

A: The actions by the government authorities to either expand or tighten the economy is the “fiscal…

Q: How does economic rationale and/or political/government/business insights gained from other classes,…

A: We feel that economic rationale most certainly assumes a part in our point of view on this issue. We…

Q: Is a tax that charges $100 to every citizen for garbage collection regressive, proportional, or…

A: Progressive tax is a tax that takes a larger percentage of income from high-income groups than from…

Q: who pays for government services?

A: The government of a country is responsible for carrying out various public services for well being…

Q: Do you think using we should use taxation as a redistribution tool in a country?

A: Tax is the money payable to the government according to the tax laws. Income tax is levied as a…

Q: write an essay about the Economics of state and local government.

A: State and local governments are a significant part of the economy appear to have been disregarded or…

Q: If tax incidence is not affected by whether the government makes buyers or sellers pay the tax then…

A: In a market, governement imposes tax on the exchange of goods and services between seller and buyer…

Q: How many amendments have there been in the Constitution?

A: Amendments are the changes or alterations made in constitution or legislature bills.

Q: What are some of the problems associated with working out whether a tax system is equitable?

A: Meaning of Progressive Tax: The term progressive tax refers to the situation under which the tax…