3)  Are excise taxes, like those on tobacco, gasoline, and alcohol, Progressive, Proportional, or Regressive?  Why do you think they are?

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: 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: Refer to Figure 1. 1 the initial effect of an increase in taxes is illustrated as a movement from *…

A: When aggregate demand falls, aggregate demand curve shifts leftwards. When aggregate demand rises,…

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: Distinguish between the benefits-received and the ability-to-pay principles of taxation. Which…

A: According to the benefit principle of taxation, those who receive the benefits from government…

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: 1. Explain how each component in fiscal policy is used to solve the economic problem and illustrates…

A: Fiscal policy consists of three main components: 1. Receipts from the government2. Government…

Q: Discuss the consequence of a rise in direct taxes to the economy as a whole

A: Taxes: The direct tax included the income tax that is levied on the income of an individual. Income…

Q: What are the classification of taxes? And please describe and explain each

A: Taxes are the payment which households made to government of country . It is a compulsory payment…

Q: Income Amount of tax 10,000 2,000 50,000 10,000 100,000 20,000…

A: 1)20% 2)20% 3)20%

Q: What is the relative importance of taxation to the economy of the country? Discuss clearly the…

A: A tax is a governmental organization's mandatory financial payment or other forms of levy levied on…

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: The fact that lower-income families will spend a higher percentage of their income on tangible goods…

A: Taxation system refers to the way of taxing the income of people by the state government or central…

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: Under which type of taxation do you pay a higher percentage the more money you make? A Progressive B…

A: Taxation refers to the process through which a government or taxation body imposes or levies a tax…

Q: What is meant by a progressive tax? A regressive tax? A proportional tax? Comment on the…

A: Hey, Thank you for the question. According to our policy we can only answer up to 3 sub parts per…

Q: 3. Using diagrams, show the distribution of the tax burden on consumers and producers with i.…

A: The elasticity of demand is the reaction of demand due to change in price of goods and services,…

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: 2. What are the budget revenues for a government to finance government spending?

A: The government as an economic agent would result in the income of the government to finance the…

Q: Income Amount of tax 10,000 1,000 50,000 10,000 100,000.…

A: 1)10% 2)50% 3)30%

Q: Which of the following is a significant revenue source for state and local governments, but not the…

A: The tax is a unilateral payment made by the public towards the government for various purposes. The…

Q: The federal government currently uses many forms of taxation, both direct and indirect, to raise…

A: Direct taxes are taxes that are imposed on natural persons and they are based on the taxpayer’s…

Q: 3. Does it matter that increased government debt/GDP ratios place a higher tax burden on future…

A: The debt-to-GDP ratio compares a country's government debt to its GDP (GDP). By comparing what a…

Q: Question 3 A regressive tax is one where those with higher incomes pay a higher share of taxes out…

A: Hi! Thank you for the question As per the honor code, We’ll answer the first question since the…

Q: Discuss the effects of direct taxes on consumer behavior.

A: Direct tax is the tax that is directly paid to the government by the individual or an organization…

Q: What type of tax raises the most revenue for the federal government?  What is the largest source of…

A: What type of tax raises the most revenue for the federal government?  What is the largest source of…

Q: Explain and expound why taxation is unavoidable in any state be it rich or poor. Supply facts to…

A: GDP. or the gross domestic product is the value of all the final goods and services which are newly…

Q: Within the context of taxation policy, many economists have preferred the use of consumption tax to…

A: The income tax is the tax that is levied on the income of the people directly. It is collected,…

Q: 1. Why is a $100 billion increase in government spending on goods and services more expansionary…

A: In an economy, a 1% change in government spending will have different impact on the real GDP as…

Q: To discourage the consumption of a product, the government should impose a tax on the consumers…

A: Taxes are the payments made to the government when a consumers purchase a product. Taxes increase…

Q: Give a brief example of regressive tax system

A: There are three tax system which are:- (1) Proportional tax system (2) Progressive tax system (3)…

Q: . Why fiscal administrations important in government?

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

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: Suppose taxes are related to income as follows: Income Taxes $1,000 $200 $2,000 $350 $3,000 $450 a.…

A:

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: Why is the burden of a tax to taxpayers greater thanthe revenue received by the government?

A: Tax Burden is a proportion of the taxation rate forced by government. It incorporates direct…

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…

Q: TRUE or FALSE and EXPLAIN The corporate income tax is a progressive tax because profits from…

A: Tax can be considered as the contributions made by the public toward government expenditure. It is…

Q: Suppose that your state raises its sales tax from5 percent to 6 percent The state revenue…

A: Given: Sale increased from 5% to 6%

Q: of 30000$ The income tax in the country X is proportional and equals 2% The income tax in the…

A: The proportional income tax rate remains same for different incomes. The progressive income tax rate…