In choosing which type of tax to use, government takes into consideration many factors, such as: Check all that apply fairness. the size of the population. the ease with which taxes can be collected. the marginal propensity to consume of the tax payers. Do you know the answer? I know it Think so Unsure No idea

Q: What do taxes pay for? Schools, government departments, roads, and emergency services…

A: Taxes is the compulsory payment which is levied by government on people or corporations. Taxes is…

Q: Define progressive tax.

A: A tax refers to an amount imposed on the person, commodities or any other item to earn revenue for…

Q: Give two arguments why wealthy taxpayers shouldpay more taxes than poor taxpayers

A: 2 arguments that why wealthy taxpayers should pay more taxes than the poor are as follows: ·…

Q: A tax system based on the ability-to-pay principle claims that all citizens should A. pay taxes…

A: Ability to pay taxation:-  Ability-to-Pay Taxation can be explained as a taxation philosophy which…

Q: True or False and explain: Households always react to tax changes in a predictable manner.

A: Tax is a compulsory charge/payment that is imposed on the tax payer by a government organisation so…

Q: Explain three different types of taxes imposed in the United States including the reason for its…

A: Following are the three types of tax imposed in the United States: Progressive Regressive…

Q: Which of the following is not a canon of taxation? Pick a,b,c, or d a. Equity b. General…

A: Canons of taxation are defined as the various administrative features of taxation. Taxation refers…

Q: The market demand for rose is QD = 2400–60P and the market supply for rose is QS= –600 +40P.…

A: Demand shows the ability and willingness of a person to buy a good. Supply shows the willingness and…

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: Tina Taxpayer makes $75,000 a year. What are her average and marginal tax rates if she is required…

A: Average tax is the total tax rate divided by total income and marginal tax rate is the additional…

Q: Graph two different approaches to government as a function of tax rates.

A: There are different approaches why tax is levy . .1. Distributive function :: for allocation of…

Q: What are the characteristics of Taxes, please discuss each,

A: Taxes are the payment made by citizens of country to government of the country and citizens does not…

Q: If Tax revenue is greater than government spending, which of the following must be true? Select ALL…

A: The difference between the government spending and tax revenue is referred as budget.

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

A: Taxes are unintended fees placed on individuals or companies and levied by a government agency –…

Q: If a tax of $0.90 is imposed, what is the tax revenue?

A:

Q: Name three types of taxes and analyze the deadweight loss of each.

A: Tax is cash that must be paid to the state by individuals. Tax payments were intended to provide for…

Q: How do taxation and government spending impact the economy of a country positively in three ways and…

A: Positive impact of taxation Cutting taxes enhance demand by increasing disposable income and…

Q: True or false the burden of of the tax falls on the party who actually pays the money for the tax to…

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

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

A: Taxes are the compulsory payments imposed by government on the taxpayer to collect funds for…

Q: What is the importance of taxation

A: Taxation is proportional to a person's financial status, encouraging social and economic equality.…

Q: Applying John Rawls’ theory of justice in taxation, do you think that it is fair for some taxpayers…

A: A degressive expense is one in which rates are level yet exclusions or travelers are permitted,…

Q: Differentiate Tax from Taxation

A: Taxes are of two types: direct and indirect taxes.

Q: What are the characteristics of Taxation

A: Taxes are levied in almost every country in the world. It is levied to raise revenue for the…

Q: What is progressive tax

A: A tax based on the ability of the taxpayer to pay is called a progressive tax. It is a system of…

Q: Which type of taxation is set up where everyone pays the same percentage? A Progressive B Regressive…

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

Q: Describe the three distinct terms to describe the tax rates?

A: A tax is an obligatory payment made by the people towards the government in order to meet the…

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: Could you please explain in brief  why taxation is considered as the lifeblood of the state.

A: The nations tend to work with the goal to achieve the maximum possible level of growth. There are…

Q: A tax in a supply and demand model will: O Transfer surplus from the government to consumers. O…

A:

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: Do you think taxpayers would be willing to pay higher property taxes if the revenue is earmarked for…

A: The practise of allocating tax or other revenues to a specific programme or purpose is known as…

Q: Which of the following is an example of a progressive tax?a. The excise tax on cigarettesb. The…

A: OPTION C - Federal Personal Income Tax A progressive tax is a tax where the tax burden increases…

Q: What happens to the tax revenue when the tax on a good increase gradually? (a) Will rise (b) Will…

A: ‘Deadweight Loss(DWL)’ can be defined as a cost that is created to society due to any kind of market…

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: explain why taxation is considered as the lifeblood of the state

A: Taxation: It is a compulsory charge which is being levied on the individuals or groups by the state…

Q: What is the subject of Corporate Tax? Who has to pay corporate tax? Please provide detailed…

A: Corporate tax is a form of tax that applies to all businesses. It is a tax levied on a company's…

Q: proportional tax, sometimes referred to as a flat tax, is a kind of income tax wherein all taxpayers…

A: Proportional tax is that the taxing mechanism within which the taxing authority charges constant…

Q: Refer to the following table for Waxwania: Government Expenditures, G Tax Revenues, T Real GDP $170…

A: a.  As the tax rate at every unit of Real GDP is the same, i.e. 20% of the Real GDP, therefore, the…