Q: How does China address issues of poverty in the country?
A: Hundreds of millions of people have been pulled out of severe poverty as China has transformed from…
Q: What is progressive tax? Write its merits and demerits.
A: A tax is described as one that the government imposes on citizens who participate in the economy in…
Q: discuss double taxation that is good for 2 minutes.
A:
Q: What are cannons of taxation?
A: The administrative components of a tax are referred to as canons of taxation. They have to do with…
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: Do you think using we should use taxation as a redistribution tool in a country?
A: The inequality in developing as well as developed nations has increased in recent years. Taxation as…
Q: Should the richest Americans be taxed on their wealth?
A: We are authorized to answer one question at a time since you have not mentioned which question you…
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: 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: What would happen if Texas collects less taxes and generates less revenue?
A: In an economy, it can be seen that the taxes are the major part or component of government revenue.
Q: Write an essay about:
A: ANSWER STEP-1 Companies and employees in urban center fancy a number of very cheap taxes within the…
Q: Give an example for the Average Tax Rates?
A: Average tax rate is the tax paid as a percentage of total income. The average tax rate can be…
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: 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: Is digital taxation feasible in Africa?
A: Africa has made adjustments to utilize unconventional digital means to replace every day physical…
Q: In macroeconomic, How does the government tax?
A: The taxes are the primary source of revenue for any government.
Q: Adam Smith proposed taxing ‘Sugar, rum and tobacco’ because they are: “nowhere necessaries of life”…
A: Adam Smith proposed taxing ‘Sugar, rum and tobacco’ because they is: “nowhere necessaries of life”…
Q: Do tax deductions and tax credits create incentives for taxpayers?
A: Tax deduction refers to the high help in lowering the taxable income of most of the taxpayers. The…
Q: What are the principles of Tax-incidence?
A: Taxes are described as mandatory fees collected from citizens by the government. These taxes are the…
Q: benefits of subsidies
A: A subsidy is an incentive given by the government to individuals or businesses in the form of cash,…
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: 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: What are the cannons of taxation by Adam smith ?
A: Adam Smith suggested taxation to finance government activities. He has led down some rules for the…
Q: What is proportional tax? Write its merits and demerits.
A: Introduction - An income tax system known as a proportionate tax applies the same percentage of tax…
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: If the first $50,000 is taxed by 1% and anything above $50,000 to $75,000 is taxed by 2% then what…
A: Amount Tax Rate 0 to 50,000 1% 50,000 to 75,000 2%
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: 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: do taxes generate the revenue?
A: Revenue: It refers to the extra benefits that a business can earn. These extra benefits will help…
Q: give a summary that how this causes poverty trap.
A: A poverty trap is a situation from which people cannot escape from the poverty,
Q: Why do legislators vote for spending projects in districts that are not their own?
A: The practice of legislator slipping funded for a local project within a budget is referred to as…
Q: a) Why do you think we should use taxation as a redistribution tool in a country? b) Discuss whether…
A: "Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: What is Proportional Tax?
A: Taxes- proportional, progressive and regressive. Proportional taxes are flat taxes (as %) which are…
Q: Is TAX a burden or a blessing (beneficial) in the Philippines? Justify
A: Taxes are defined as mandatory charges which are levied on individuals or on a corporation by the…
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…
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- What can you say about Tax incidence in the Philippines, who carries the burden more? Give examples and explain your answer.What can you say about Tax incidence in our country, who carries the burden more? Give examples and explain your answerDetermine the subsidies when the net indirect taxes are $30 and the indirect taxes are $15
- Calculating tax incidence Suppose that the local government of Jacksonville decides to institute a tax on soda producers. Before the tax, 40 billion liters of soda were sold every year at a price of $10 per liter. After the tax, 33 billion liters of soda are sold every year; consumers pay $12 per liter, and producers receive $7 per liter (after paying the tax). The amount of the tax on a liter of soda is per liter. Of this amount, the burden that falls on consumers is per liter, and the burden that falls on producers is per liter. True or False: The effect of the tax on the quantity sold would have been larger if the tax had beenThe gasoline demand equation is 100 -20P and the gasoline supply one is 48P. I am trying to figure out if the government levies a Pigouvian tax of $50/ton CO2, what is the effective tax per gallon of gas? Each gallon of gasoline releases 20 lbs (or 0.009 tons) of CO2 when combusted.The government of a State has been experiencing an increase in number of obesity cases. Research suggests an increase in consumption of a particular fast food item is responsible for high number of obesity cases. As a result, the government of that State is considering an imposition of $1 tax. Monthly demand and supply for this good are QD=21-1P and QS= -1+1P respectively. Draw the demand and Supply curve for fast food before the tax is imposed. Calculate the equilibrium price and quantity, consumer and producer surplus, and label them on the graph. Calculate the price elasticity of demand and supply for fast food. If the State government imposes a tax, who will bear the most of the burden of the tax? Suppose that the State government finally imposes a $1 tax on fast food. What will the new equilibrium price and quantity? Include the tax on your graph. Calculate the consumer and producer surplus and label them on the graph. Is there any deadweight loss resulting from the tax on that…
- Churches have been considered as lucrative business in the country. Do agree with the idea that churches in the country be taxed.What is the relative importance of taxation to the economy of the countryMatch the term with the definition:[?] is the rate you pay on the last dollars you earned A. Average tax rate[?] is the overall rate you pay on your entire income B. Marginal tax rate
