Where does our taxes goes? What are the things that the government do to our taxes? Who are those people involved in a certain government projects?

Q: What is progressive tax? Write its merits and demerits.

A: A tax is described as one that the government imposes on citizens who participate in the economy in…

Q: discuss double taxation that is good for 2 minutes.

A:

Q: The govemment is considering imposing taxes on the sellers of certain classes of products. The first…

A: Meaning of Tax Imposition:The term tax imposition or the tax hike refers to the situation under…

Q: Why is gasoline heavily taxed? Explain

A: A government plays a crucial role to overcome the problem of scarcity in the economy. It regulates…

Q: Do you think using we should use taxation as a redistribution tool in a country?

A: The inequality in developing as well as developed nations has increased in recent years. Taxation as…

Q: 17. To which of the following government programs would a single, cross-country truck driver with no…

A: We will answer the first question since the exact one was not specified. Please submit a new…

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: What areas of government spending impact a business? How do these areas impact the business?

A: Government spending is otherwise called public spending and in Britain, it takes up more than 45% of…

Q: How can the government improve tax collections without imposing much tax to the consumer?

A: When a taxing body, typically a government, levies or imposes a financial responsibility on its…

Q: What would happen if Texas collects less taxes and generates less revenue?

A: In an economy, it can be seen that the taxes are the major part or component of government revenue.

Q: What are pros and cons to increasing the gasoline tax?

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

Q: What are the four major types of taxes in India?

A: There are four major types of taxes in India.

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: Analyze taxes on tobacco through the perspective of: a. a smoker b. a cigarette firm

A: In an economy, when taxes are imposed on buyers or sellers, there will be different impact due to…

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: explain four reason why is tax important for a country

A: Tax is the unilateral payment made by the people towards the government for the income earned by the…

Q: On what basis are taxes levied?

A: On the basis of levying of taxes, they can be classified into 3 categories:   Proportional Tax:…

Q: Why does the government ass excise taxes to certain products?

A: In a market, government intervenes in different ways by providing subsidies or imposing taxes.

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: Sue earns $60,000 per year and pays $12,000 in taxes. She gets a raise and now earns $100,000 per…

A: Taxes are compulsory payments to the government without expecting any direct return or benefit.

Q: What are the fundamental principles of taxation?

A: Taxation means levying or imposition of particular amount of tax on individuals by the government in…

Q: How does a tax on a good affect the price paid by buyers, price receive by sellers, and the quantity…

A: Tax is a term that defines a charge imposed by the ruling authority, that is government, on market…

Q: What is the importance of taxation

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

Q: Discuss the objectives of Taxation.

A: Taxation and government spending are component of fiscal policy which is used by the government in…

Q: what the meaning of tax?

A: Tax is a compulsory contribution to the state's revenue that is levied by the government of each…

Q: How does a tax on a good affect the price paid bybuyers, the price received by sellers, and the…

A: A tax is a monetary charge that is applied to a good or service. The tax will have the effect of…

Q: If taxes are a cost of doing business and are built into the price of goods and sevices, who…

A: Incidence of tax The incidence of tax refers to the extent to which the consumer or producer…

Q: Why do you think we should use taxation as a redistribution tool in a country?

A: There is obviously a strong case for shifting resources from those at the top of the income scale to…

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: Does the Constitution create the power for the State to tax? Justify.

A: In an economy/society, various economic, social and political principles and rules are implemented…

Q: What determines whether the buyer or seller pays the bulk of the tax?

A: The incidence of tax depends on the relative price elasticity of demand and supply.

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: If the first $50,000 is taxed by 1% and anything above $50,000 to $75,000 is taxed by 2% then what…

A: Amount Tax Rate 0 to 50,000 1% 50,000 to 75,000 2%

Q: Do you think using we should use taxation as a redistribution tool in a country?

A: Tax is the money payable to the government according to the tax laws. Income tax is levied as a…

Q: do taxes generate the revenue?

A: Revenue: It refers to the extra benefits that a business can earn. These extra benefits will help…

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: New York has the highest cigarette taxes in the country. The price of an average pack of cigarettes…

A:

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: then tax revenue for the

A: Due to tax imposed , govt moved the market from market equilibrium to social optimum  That is at…

Q: Suppose before a tax is created, the market price is $10.66 and the quantity is 120.  Now suppose a…

A: Taxes refer to the involuntary fees that are levied by a central or state governing authority…