Taxes result in an excess burden or welfare loss, but government subsidies always result in a welfare gain. True or false? Explain fully.

Q: The best tax incentives that can significantly reduce its tax liability after finish claiming…

A: Investment tax credits are basically a federal tax incentive for business investment. They let…

Q: What do you think is the reason why governments grants "exclusion from the gross income

A: Possible reasons why government grants exclusions from gross income can be as follows.  1) To…

Q: A progressive tax system encourages individuals to work harder.Is it true or false? and why?

A: Progressive tax system is the system under which a lower rate of tax is imposed on an individual…

Q: Which of the following might discourage covered interest arbitrage even if interest rate parity does…

A: In a Covered interest rate arbitrage one uses favorable interest rate differentials to invest in a…

Q: True or false is regulatory tax is intended to achieve some social or economic end?

A: Regulatory tax: Regulatory taxes are the charge or levy of taxes by the government on the general…

Q: 1. Explain how value-added tax (VAT) works and its advantages and disadvantages from businesses,…

A: Disclaimer: "Since you have asked multiple questions in a single question we answered first question…

Q: If some activity creates positive externalities as well as private benefits, then economic theory…

A: An externality is benefit or cost that affects someone who is not directly involved in the…

Q: a. The purpose meaning, it may be used to make up for the benefit receiv . Taxes may be imposed for…

A: Tax refers to the financial or necessary obligation which is imposed on the people of country or…

Q: Financial thought turned to the theory of social solidarity - due to the failure of the social…

A: The given statement is True

Q: If there is a conflict between a BIR Ruling and a Revenue Memorandum Ruling, which will prevail?

A: The Bureau of Internal Revenue work under the department of finance and all the duties and…

Q: Social Security taxes are regressive because :they apply only to rich people.they are applied to…

A: Following is the reason social security taxes are regressive: Because .they are not applied to…

Q: What is the logic behind allowing tax loss carrybacks/carryforwards?

A: Logic behind allowing tax loss carrybacks and carryforwards: A tax loss carryback permits a company…

Q: False Tax policies can be defined as Government's attitudes, objectives and actions with respects to…

A: The number of questions which has been asked is the four question which are multiple choice…

Q: If our taxes only go to fake sand or corruption, why do we have to pay taxes?

A: In finance it is said that in life there are two things that a person can never avoid and that is…

Q: Which of the following statements is NOT true? A) A progressive tax system should increase the…

A: The progressive tax system is the tax system where the income of the people is taxed according to…

Q: Which of the following decreases the benefit of accelerating tax deductions? Decreasing tax rates…

A: The following thing which decrease the benefit of accelerating tax deductions According to the…

Q: It is the tax legislator who determines the value of the offer true Error 0

A: Value is determined as per law rules and regulations

Q: earnings below a certain threshold are taxed. What is your opinion on the fairness of this tax?

A: social security tax is such type of tax in which a percentage of the gross wages that most of the…

Q: Is it a good strategy to tax Lower income groups more as compared to higher income groups to remove…

A: Income distribution refers to the term which is defined as how the aggregate income of nation is…

Q: The ideal taxation system is a good tax system, that is, it must comply government needs whose…

A: Government charges two different taxes from its customer. One is direct tax and the other is…

Q: Should the IRS and the Department of the Treasury consider alternative tax systems, such as Flat…

A: Taxes refers to the money or amount of sum that the government requires people or businessman as…

Q: fiscal

A: Introduction: Tax can be defined as mandatory levy by the government on the citizens of the country.…

Q: Is the power to tax, the power to destroy?

A: Taxation is defined as the legal capacity of the sovereignty or the government agents used to impose…

Q: Questions: 1) Is the proposed sin tax progressive or regressive? Who will be burdened most? Why? 2)…

A: Sin Taxes The applicability of sin taxes mainly incurred for the harmful product in the society as…

Q: Taxation can be used to reduce the welfare loss arising from a negative externality. Select one: O…

A: True

Q: The government should tax itself? Yes or no

A: A tax is a sum of money that is must be paid to the government in order for it to provide public…

Q: Is fringe tax considered a penalty tax?

A: A fringe benefit is a final tax on an employee's salary that the company is required to withhold.…

Q: Do you think

A: these are the following drawbacks of property taxes: Lower incentive to buy a home High property…

Q: We tax net income? What economic distortions would occur if we taxed gross receipts?

A: Gross income is the income to the company or an individual after operating activities or providing…

Q: Assuming that taxes are to be raised, which tax increase would be least detrimental to long term…

A: Answer:-  Tax meaning:- A tax is compulsory financial charge which is imposed by the government on…

Q: True or False The goal of tax planning is tax minimization.

A: The given statement is true.

Q: The money creation (seigniorage) to finance government purchases  a. is inferior to a non…

A: Answer are as follows

Q: True or false, and explain

A: True. Taxing individuals to provide public goods increases the tax burden of all taxable…

Q: Suppose your company raises funds from outsidelenders. What type of agency costs might occur?How…

A: There is a separate clash among the lending and the creditor for the reason that the debtor makes…

Q: Why is the power to tax is sometimes called sometimes the power to destroy?

A: Note: “Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered…

Q: Why value added tax bad?

A: This tax is considered consumption-based where the tax is implied in each and every stage of…

Q: Of the following, the most likely effect of an increase in income tax rates would be to: decrease…

A: Income Tax: Income earned by a taxable person during the previous year is subject to income tax,…

Q: In the case of property tax, government costs are low but taxpayer cost are high

A: Property tax levy is imposed primarily on land and buildings and also imposed on business,farm…

Q: Which is correct?  a) The de minimis benefits not exceeding their thresholds are exempt from income…

A: Solution Explanation -Amounts exceeding their threshold are added to the 90000 threshold and amounts…