In 2021 President Biden proposed raising long term capital gains taxes for wealthy individuals. Raising taxes by the US government is an tool of a Monetary policy b Fiscal policy c Accommodation policy
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In 2021 President Biden proposed raising long term
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| b |
Fiscal policy |
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| c |
Accommodation policy |
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| d |
Interest rate policy |
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- The Philippine government has called upon its residents and citizens to pay taxes so that it can meet its public expenditures. Ms. Maria Tagas, a Filipino resident, refuse to pay taxes. She does not care whether the government shall continue to exist or not, and she does not want to partake her earnings and wealth to the government. Is the action of Ms. Tagas justified? Please defend your answerThe Social Security and Medicare taxes are the Payroll Tax. True FalseWhich of the following is not a canon of taxation? Pick a,b,c, or d a. Equity b. General Acceptability c. Convenience d. Certainty
- Justify the statement. True/False Indirect taxes are paid directly by people to the government.Churches have been considered a lucrative business in the country. Do agree with the idea that churches in the Philippines be taxed. (Please make it 350 words)If the benefits from an antipoverty program are phasedout as an individual’s income increases, the program willa. encourage greater work effort from the poor.b. lead to an excess supply of labor among unskilledworkers.c. cost the government more than a program thatbenefits everyone.d. increase the effective marginal tax rate that thepoor face.
- Which of the following taxation systems does not conform to the idea of vertical equity? Select one: a.A flat tax where every dollar of income is taxed at 25 percent. b.A progressive tax system. c.GST. d.A poll tax where every taxpayer pays an identical lump sum amount of $10,000 in tax.The middle class receives social benefits from their employers which are subsidized by the federal government through tax deductions. This is referred to as... the shadow welfare state. O bottom up welfare. Keynesian welfare. progressive taxation.Differentiate Tax from Taxation. (Thank you)
- Two of the primary purposes of taxes are to fund the government and mitigate the negative effects of many consumer products. True or FalseTrue or False: "A progressive tax system imposes higher tax rates on higher income earners." Don't use AiA new elected government want to reform its tax system. As an economist you are hired to advise the government how to design a better tax system. Give your recommendation on factors that government need to consider if they want to implement the better tax system. Add specific example or case for each factor you recommend to government