How do governments use spending and taxation to reduce inequality and poverty in an economy?

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: 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: Where does our taxes goes? What are the things that the government do to our taxes? Who are those…

A: As economies emerged, economic agents increased their demand for goods and services. Production 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 is the nature of Taxation?

A: Government and private sector balance the functioning of economy. With public and private sector,…

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 the consequences of an increase in direct taxation?

A: Tax is the charge which is levied by the government. It is a source of government revenue which the…

Q: Which of the following is NOT a reason that governments impose taxes? To finance government spending…

A: Taxation is the process by which governments collect money from individuals and entities within 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: 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: What are progressive and proportional forms of taxation? What are the Governments goals when it…

A: Progressive and proportional types of taxation are different processes to levying taxes on people or…

Q: some economists have argued that corporate taxes should be eliminated and only individuals should be…

A: Corporate taxes are taxes which are imposed on income of corporation or company.It is likely to br…

Q: Describe the progressive and proportional forms of taxation. What goal might the government be…

A: Taxation is the process through which the government levies and collects taxes from people,…

Q: Discuss how a government might use taxation to affect the distribution of income

A: In an economy, the inequality of income distribution can be explained by the situation when a richer…

Q: Give a brief example of proportional tax system

A: Depending upon the relationship existing between the rate of structure of taxes and income or wealth…

Q: Is a tax that charges $100 to every citizen for garbage collection regressive, proportional, or…

A: Progressive tax is a tax that takes a larger percentage of income from high-income groups than from…

Q: What is Proportional Tax?

A: Taxes- proportional, progressive and regressive. Proportional taxes are flat taxes (as %) which are…

Q: Why does taxation create an excess burde

A: The excess burden of taxation is the efficiency cost, or deadweight loss, associated with taxation.…

Q: Is the tax imposed on cigarettes a progressive, proportional, or a regressive form of taxation? Why?…

A: The tax imposed on cigarettes is considered a regressive form of taxation. A regressive tax is one…