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

Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter16: Government Spends, Collects, And Owes
Section: Chapter Questions
Problem 19AA
icon
Related questions
Question

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

Expert Solution
Step 1

Tax is the money payable to the government according to the tax laws. Income tax is levied as a percentage, on income earned in excess of specified threshold.

Step 2

Levying of taxes is generally opposed due to lack of transparency in government spending and corruption. Also, taxes are opposed since there are alternate ways of redistribution such as charity and trusts where people can voluntarily submit their excess income or spend their income by doing charitable activities by themselves.

steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Redistribution Of Income
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Economics Today and Tomorrow, Student Edition
Economics Today and Tomorrow, Student Edition
Economics
ISBN:
9780078747663
Author:
McGraw-Hill
Publisher:
Glencoe/McGraw-Hill School Pub Co
Microeconomics
Microeconomics
Economics
ISBN:
9781337617406
Author:
Roger A. Arnold
Publisher:
Cengage Learning
Economics (MindTap Course List)
Economics (MindTap Course List)
Economics
ISBN:
9781337617383
Author:
Roger A. Arnold
Publisher:
Cengage Learning
Macroeconomics
Macroeconomics
Economics
ISBN:
9781337617390
Author:
Roger A. Arnold
Publisher:
Cengage Learning
Microeconomics A Contemporary Intro
Microeconomics A Contemporary Intro
Economics
ISBN:
9781285635101
Author:
MCEACHERN
Publisher:
Cengage
Exploring Economics
Exploring Economics
Economics
ISBN:
9781544336329
Author:
Robert L. Sexton
Publisher:
SAGE Publications, Inc