Why do some economists advocate taxingconsumption rather than income?

Q: What can you say about Tax incidence in the Philippines, who carries the burden more? Give examples…

A: Tax incidence is an economic term for the distribution of tax burden between producers and sellers.…

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: Define and explain the Pigouvian Taxes.

A: A tax known as the "Pigouvian Tax" is imposed on economic actions that result in costs that are paid…

Q: Compare and contrast the Equity Theory vs. the Attribution Theory.

A: Management is a process or activity that is used to attain an organizational goal by utilizing…

Q: Explain in detail the differences between paradox voting and median-voter model in voting paradoxes…

A: Economic voting is a theory that says that economic realities in the country at the time of the…

Q: What accounts for the huge disparity in power between wealthy employers and the immigrants who work…

A: The disparity in the countries is relative to the changes in wealth, power, unequal distribution of…

Q: Given a demand curve of P = 70 - 1.5Q and a supply curve of P = 2 + 0.5Q, with a tax of 44, solve…

A: With the imposition of tax, the price paid by buyers increases which lead to decrease in consumer…

Q: What are the strategies that our goverment might consider to improve public safety

A: Public safety ensures that all community members decide how to organise a social environment that…

Q: The U.S. federal taxing system is sufficient and efficient       Group of answer choices…

A: Answer to the question is as follows:

Q: Identify the author of "The principles of Political Economy and Taxation"

A: The author of the book “The principles of political economy and taxation” is David Ricardo. It was…

Q: Identify the link of necessity and luxury goods to tax revenue

A: Tax Revenue refers to the income earned by the government through taxation. Tax revenue produces a…

Q: Distinguish between market failure and government failure. Does rent-seeking behavior occur only as…

A: Market failure, according to its name, does not refer to intrinsic flaws in the market economy;…

Q: Explain factors contributing to high rates of tax evasion

A: Meaning of Tax Evasion: Tax evasion refers to a criminal offense or illegal activity under which…

Q: 120 100 70 00 Qutity of tie As a result of the tax, the effective price that consumers will pay is S…

A: Given, Tax- $40. tire

Q: Evaluate the Citizens United decision. Why did the Supreme Court consider campaign ontributions a…

A: They might have considered campaign contributions a form of speech because by giving a campaign…

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: What factors contributed to increasing federal involvement in safety net programs?

A: The economies around the world tend to focus on their growth, and development. The economies have…

Q: Using demand curve approach, explain how a commodity tax incurs excess burden

A: In a market, tax burden refers to the additional cost bear by the market participant when government…

Q: Why might citizens interested in maximizing economic efficiency be happy to invest their government…

A: The economic efficiency is a situation in which all the economic resources are being efficiently…

Q: explain five different cases of income exempt from rax with clear examples

A: In an economy, tax-exempt income refers to the part of the income of people that is not liable to be…

Q: Torue or Ja O Service tasc is a direct tax Central esuise duty is a direct tan

A: Taxes are an important government policy instrument that is used to collect revenue from the public…

Q: If Country R has less income inequality than Country T, which of the following must be true?…

A: Since first question is incomplete so we will answer the 14th question for you.  Given  Country R…

Q: Why is taxation considered as the strongest among the three inherent powers of the State?

A: The government has three powers, which are functioned by only government authorities. They are…

Q: For each description in the following table, identify the property of a desirable voting system it…

A: Since nothing is mentioned, we will answer the first question only. Please resubmit the question…

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: If the benefits from an antipoverty program are phasedout as an individual’s income increases, the…

A: Poverty is an economic problem in which an individual is unable to afford and consume the basic…

Q: Which of the following is an example of an excise tax? O a) cigarette tax O b) social insurance tax…

A: Excise tax is the tax which consumers don't pay directly to the government. It is an indirect tax.

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: Should the social discount rate represent the rate that could have been earned had the funds not…

A: The concept of social discount rate is widely used in determining the discounting value of the funds…

Q: Define the term Social Discount Rate?

A: The social discount rate (SDR) is the discount rate which used to calculate the value of funds and…

Q: Define vertical and horizontal equity objectives of a tax system. Which one do you think is more…

A: What Is Vertical Equity?  Vertical equity is a strategy for gathering annual tax where the taxes…

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: the most important federal employee protection in place today

A: The most important federal employees protection in place are as below:- 1.The minimum wages:-The…

Q: How is the concept of 'market failure' relevant to government funding?

A: Market Failure is defined as a state which occurs when the price system fails to account for all of…

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…

Q: are whistleblower payouts to informants, funded by the federal government due to the Federal False…

A: Federal government refers to the system where powers are divided between central authority and…