Is taxing the rich better

Q: wealthy and poor actually pay lower taxes than the middle class and that a _______    Tax might be a…

A: 1) a) progressive

Q: good tax fm

A: Tax is the revenue of government collected from taxpayers as a percentage on their annual revenue or…

Q: A progressive tax system encourages individuals to work harder.Is it true or false? and why?

A: Progressive tax system is the system under which a lower rate of tax is imposed on an individual…

Q: Why does every person behave differently depending on their financial incomes

A: Each and every individual is different from the other, and the thinking process and criteria are…

Q: Can you give me an idea of how taxation is important in our lives?

A: Taxation is the process through which a government imposes a financial restriction or liability on…

Q: Give reasons why migration and income inequality is positively related.

A: Migration means the movement and settlement of people, usually in large numbers, from one area to…

Q: What are the supposed benefits of targeting owners' wealth? 2. How can managers target owners'…

A: Targeting the owner's wealth refers to the maximization of the wealth of the owners. Targeting the…

Q: What is Capital Gains Tax and give examples?

A: Income tax:  It is the amount a person is liable to pay on the earned amount in an accounting year.…

Q: What is Professional Tax and give examples?

A: A tax is a financial charge imposed by government. It is a source of income for the governments to…

Q: 1. Which of the following is not considered a purpose of taxation? a. To regulate inflation b. To…

A: Hi student Since there are multiple questions, we will answer only first question. Taxes are the…

Q: II. How Sin taxes help the health of the people?

A: II.  Sin tax are imposed on the goods which are harmful for health ( such as alcohol, tobacco etc. )…

Q: Give an argument in favor of taxes on wealth like the estate tax. What potential problems would…

A: Wealth tax:   It refers to the tax levied on the value of held assets. This will consist of the…

Q: What does the Miller model with personal and corporate taxes implyabout value relative to the MM…

A: Answer: The Modigliani and miller approach states that, aside from the risk inherent in the project,…

Q: This principle means that taxes are what we pay for a civilized society. a. Lifeblood doctrine b.…

A: a. lifeblood doctrine - emphasises that government needs the contribution of their citizens in order…

Q: Is it right to avoid taxes as much as you can?

A: Taxation- The laws and regulations that govern the financial services industry are referred to as…

Q: Which of the following statements is NOT true? A) A progressive tax system should increase the…

A: The progressive tax system is the tax system where the income of the people is taxed according to…

Q: How can one become millionaire using the power of compounding?

A: Compounding is a phenomenon which shows that interest is compounded on money invested as well as the…

Q: 1. What is Donors Tax and give examples?

A: The Donor's Tax seems to be a tax on a donation or maybe even a gift that is levied on the…

Q: Is it a good strategy to tax Lower income groups more as compared to higher income groups to remove…

A: Income distribution refers to the term which is defined as how the aggregate income of nation is…

Q: What is the American Opportunity tax credit?

A: For the first four years of higher education, the American Opportunity Tax Credit is a credit for…

Q: 4. Why is real property tax a better tax than personal property?

A: Real property taxes are taxes levied on real property like commercial, industrial property ,…

Q: What are the pros and cons of rasining minimum wage? How would society differ?

A:

Q: Rich Americans have already paid income tax on the earnings that made them rich in the first place.…

A: Rich Americans are taxed on their wealth as well as their incomes. it should be noted that wealth is…

Q: Questions: 1) Is the proposed sin tax progressive or regressive? Who will be burdened most? Why? 2)…

A: Sin Taxes The applicability of sin taxes mainly incurred for the harmful product in the society as…

Q: Taxation can be used to reduce the welfare loss arising from a negative externality. Select one: O…

A: True

Q: Why aren't economic incentives as complex as we think?

A: Generally, an incentive means something that motivates a person to do a task/job/goal/etc.…

Q: Do you thinks taxes are moral? Explain your answers

A: Taxable income is the amount of income computed to measure the amount of taxes to be paid to the…

Q: Do you think

A: these are the following drawbacks of property taxes: Lower incentive to buy a home High property…

Q: es it govern social and

A: There is no concept exist like talent because every individual have the unique quality and they have…

Q: What do you think about the capitalistic model that runs the world in which you live?

A:

Q: Do you think taxes affect the value of real estate versus other investments?

A: Tax:   A tax is a compulsory charge or a levy imposed upon a taxpayer by a government organization…

Q: Marco Polo, How much is the total income not subject to tax?

A: Answer: The part of income that are exempted becomes the part of income which are not subject to…

Q: Why income tax is higher than corporate tax around the world?

A: A direct tax paid by individuals to the government for their income in terms of salaries is termed…

Q: How does discretionary income affect your choices for wants and needs?

A: Discretionary Income is the remaining income of the individual after deducting all necessary…

Q: . What is Donors Tax?

A: Donor’s Tax is the tax imposed on the transfer of property as a gift between two or more persons who…

Q: WHY SHOULD WE BE FINANCIALLY LITERATE?

A: Financial literacy is defined as the capacity to comprehend and use different financial abilities…

Q: Why every person needs tax planning?

A: Tax planning is something by which an individual or any entity can plan out on how much tax it can…

Q: Are progressive taxes the most equitable for all people?

A: Tax structure is based on how income of individual must be taxed. It could be based on certain slab…

Q: What is the general purpose of taxation in our society?

A: Tax is an enforced fee that is charged on individuals and organizations by government or its agency…

Q: Why value added tax bad?

A: This tax is considered consumption-based where the tax is implied in each and every stage of…

Q: Is the 8% optional tax scheme always a better choice for a businessman or a professional? Explain.

A: Under the presumptive taxation theme, the minimum financial gain from the business is deemed to be…

Q: ous for the taxpayer? Explain

A: Meaning of Income Taxes Income taxes are the taxes which are paid on the income of an individual.…