Within the context of taxation policy, many economists have preferred the use of consumption tax to income tax. Explain.

Q: Explain marginal tax rate.

A: 1-The marginal tax rate is the additional/extra tax rate paid for every additional/extra income…

Q: 1.) Who bears the burden of property taxes ? Explain the incidence of property tax 2.) Who bears the…

A: PROPERTY TAX As a real estate ad valorem tax, property tax can be considered a regressive form of…

Q: 1. Suppose the marginal or bracket tax rate for income from $1 to $15,000 is 12%, the marginal tax…

A: A progressive tax is a tax/duty wherein the expense rate increments as the available income/taxable…

Q: 14. What is the agency responsible for collecting taxes at the O the Federal Tax Office the…

A: The agency responsible for collecting taxes at the federal level is the Internal Revenue Service.

Q: 1. Suppose the demand curve for a good is downward sloping and the supply curve is upward sloping.…

A: We are authorized to answer three subparts at a time, since you have not mentioned which part you…

Q: a. According to the benefits-received principle of taxation, O the higher one's income, the higher…

A: In an economy, government taxation has a significant impact on the behavior of the people and the…

Q: Your Finance Minister considers making a tax reform. He asks you, as a senior tax administrator, to…

A: There are five basic requirements that must be satisfied by a good tax system : Fairness Adequacy…

Q: 1. Explain the concept of efficiccy loss in taxation.

A: Note: In the BNED Guidance, only the first question can be answered at a time. Resend the question…

Q: What is the difference between Direct and Indirect tax?

A: The nations around the world have various decision making, and the policy making authorities, who…

Q: Explain briefly the three main purposes in exercising taxation power.

A: Taxation is defined as the power of accumulation of revenue and raiserevenue from the people to…

Q: 52. An example of nondiscretionary fiscal policy would be a. The operation of the welfare state b. A…

A: The expenditures in an economy are made by various entities in the economy, such as the expenditures…

Q: What are the two aspects of taxation? Explain each. (Please include the references

A: Taxation refers to levying of tax by a government authority. It is done to raise tax revenue. The…

Q: Question 2 The ability-to-pay principle says that: O the amount of tax paid depends on the measure…

A: Taxation: - Taxation is the imposition of some charges by the government of a country on the…

Q: Differentiate between Direct and indirect taxes: Type this question in the form of topic paragraph.

A: Answer: The distinction between direct and indirect taxes is formed based on whether the tax burden…

Q: Taxation Suppose the federal government requires beer drinkers to pay a $2 tax on each case of beer…

A: Tax results in leftward shift of the supply curve.It results in increased price and reduction in…

Q: 3- Why the government sector imposes a tax on firms and households.

A: Government spending plays an important role in stimulating the economic growth of an economy because…

Q: What is the difference between an expenditure (cash-flow) tax and a sales tax? What is the…

A: Tax: It refers to the income of the government. The taxes are the income that people will pay…

Q: What are the consequences of an increase in direct taxation?

A: Tax is the charge which is levied by the government. It is a source of government revenue which the…

Q: 22. If the government decide to increase taxes on sugar, who do you think will carry the burden of…

A: As sugar is a necessary, therefore, its demand is inelastic (i.e. with a change in the price of the…

Q: 14. A government increase government spending in an economic recession. Fiscal policy in that case…

A: An economic recession is a situation in which the GDP of the economy is at a very low level. The…

Q: Describe the two basic philosophies of taxation fairness. How are these philosophies evident in the…

A: Tax fairness is a principle that states that a government's tax system should be equal to all…

Q: True or false (explain why): To minimize the burden of taxation, it is better to levy large taxes on…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Explain the types of tax liability in the Turkish Tax System by giving examples

A: The Turkish tax system is a vital component of the economy, and it is divided into three major…

Q: Use Table A below to complete Table B a. Define a progressive, proportional and regressive tax…

A: The tax is the compulsory payment which is made by the citizens to the government. The tax would…

Q: 7.Which flows represent taxes? a. C and D b. E and F c. A and B d. D and E

A: Introduction In the modern economy, money is used in the process of exchange. In the monetary…

Q: a. A progressive tax is one in which the average tax rate is constant as income increases. O the…

A: " Since you have posted a question with multiple sub-parts, we shall answer the first sub-parts . To…

Q: 14. What are the three tools of fiscal policy? Tixes a. b. c.

A: The fiscal policy is the way or process to balance the economic activities in an economy. For…

Q: 23. Which of the following is an indirect tax? A tax on company profits consumer goods and services…

A: Tax refers to the payment made by a consumer or producer to the government of a nation. It is used…

Q: 9. If your_______rises as you make _________income, your taxes are progressive.total taxes,…

A:

Q: Consider the following categories of taxes: I. wealth tax II. consumption tax III. Direct tax…

A: Note- We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: 9. Which of the following is the most correct statement about tax burdens? а. A tax burden falls…

A: Price elasticity of demand refers to percentage change in quantity demanded with respect to…

Q: What are the characteristics of Taxation? Discuss each briefly. (Please include the references, I…

A: Public finance is a subpart of economics that studies the expenditure and revenues of the public…

Q: Assume you are a fresh graduate from UPSA with Public Finance as one of your specializations. You…

A: Taxation is one of the most important aspects of a country. The government receives the money by…

Q: What are the theories and bases of taxation? Explain each. (Please include the references, I really…

A: There are 2 main theories of taxation : The force of tax collection continues upon the hypothesis…

Q: Taxation Suppose the federal government requires beer drinkers to pay a $2 tax on each case of beer…

A: When there is no tax, the price for beer is P1 and the quantity is Q1.

Q: 1. Draw a graph with demand curve, supply curve, equilibrium price and quantity, tax price, tax…

A: The equilibrium price is Pe and the corresponding equilibrium quantity is qe at the original demand…

Q: Define progressive tax.asap

A: We know that A tax refers to an amount imposed on the person, commodities or any other item to earn…

Q: Question 11 simultaneous 50 billion dollar increase in both government and taxation would have O no…

A: The rise in government expenditure has multiplier effects on GDP. The Rise in the expenditure causes…

Q: Discuss the taxation system of the United States. What kind of system does the U.S currently employ?…

A: Taxes are non-voluntary taxes imposed on individuals or companies by a government agency (local,…

Q: 1. What is the relative importance of taxation to the economy of the country? Give at least three…

A: Since you have asked multiple questions, we are answering the first one for you. If you want the…