Should the richest Americans be taxed on their wealth?

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: Why do some economists advocate taxingconsumption rather than income?

A: Taxes are those mandatory payments that are levied by the government on individuals as well as…

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: How is the social security tax structured for workers who earned more than 117,000?

A: Types of tax structured:- 1) Regressive tax:- Regressive tax systems are regarded to be unfairly…

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: The incidence of a tax pertains to:         the degree to which it alters the distribution of…

A: Taxation is the duties levy by states of mandatory levies on persons or organizations. In nearly…

Q: Are poverty rates rising or decreasing in the US? How has the gap between the rich and poor…

A: Because of the pandemic's economic impact and skyrocketing unemployment, poverty in the United…

Q: How might special interest groups and lobbyists influence campaigns and elections?   Group of answer…

A: SIGs or Special interest group is a community formed by individuals with a shared interest in a…

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

A: Meaning of Equality and Efficiency: The term efficiency refers to the situation when an economic…

Q: When the income tax was first proposed in 1894, it was ruled unconstitutional? True or false

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

Q: What is the condition of tax incidence in the Philippines, who carries the burden more? Give…

A: The distribution of a tax's economic burden among the affected parties is known as tax incidence. It…

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

A: Social security refers to the term that is used by the government o compensate the soldiers and army…

Q: All of the following statements are true about median voter theory, except: Select the correct…

A: In order to win an election, candidates must garner half the votes. In election politics, the…

Q: Those on the political left would tend to favor _____ government action and _____ taxation to reduce…

A: In an economy, income inequality is a major problem because it arises many other issues in the…

Q: Suppose in Fiscalville there is no tax on the first $10,000 of income, but a 20 percent tax on…

A:

Q: Suppose in Fiscalville there is no tax on the first $10,000 of income, but a 20 percent tax on…

A: From $0 to $10,000 the tax rate is 0%. So, the tax payment can be calculated as follows: Thus, the…

Q: What are the strategies that our goverment might consider to improve public safety

A: Public safety ensures that all community members decide how to organise a social environment that…

Q: Write an essay about:

A: ANSWER STEP-1 Companies and employees in urban center fancy a number of very cheap taxes within the…

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: Does the existence of credit market imperfections imply that there is a useful role for government…

A: Credit market imperfections means the financial market with low quality of information about the…

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: If the benefits from an antipoverty program are phasedout as an individual’s income increases, the…

A: Poverty is an economic problem in which an individual is unable to afford and consume the basic…

Q: Which of the following programs are often funded by the payroll tax? Check all that apply. A.…

A: Introduction: Payroll tax is the tax that is withheld, assessed, or imposed on an employer's…

Q: Define vertical and horizontal equity objectives of a tax system. Which one do you think is more…

A: What Is Vertical Equity?  Vertical equity is a strategy for gathering annual tax where the taxes…

Q: The efficiency loss of a tax is the idea that:        in addition to taking income from the…

A: Taxation results in an increase in the price that consumers have to pay above the equilibrium…

Q: A person's social security benefit is based upon a. How much she/he earned their entire life b.…

A: A safety net is provided by social security. This is something that society provides to individuals…

Q: The Philippine government has called upon its residents and citizens to pay taxes so that it can…

A: Below the Phil Tax Code, the individuals challenge to Philippine taxation are: 1 Resident citizens 2…

Q: To combat income inequality and to generate increased tax revenues to fund expenditures, government…

A: The marginal tax rate refers to the additional tax paid by the taxpayer for every additional income…

Q: Which of the following government programs are financed by payroll tax? a) Medicare, food stamps,…

A: A payroll tax is a percentage deducted from an employee's pay that is paid to the government on the…

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: The concept that people should pay taxes based on the benefits they receive from government services…

A: The taxes are the legal proceedings that are paid by the citizens of the country for the services…

Q: Describe the relevance of taxation for understanding the American welfare state.   How have…

A: American welfare state  An American welfare state is formed by the government that is formed to…

Q: How do the top two categories of federal employment differ from the top two categories of local and…

A: Government jobs can provide both financial and job security while giving a sense of honor of working…

Q: Is TAX a burden or a blessing (beneficial) in the Philippines? Justify

A: Taxes are defined as mandatory charges which are levied on individuals or on a corporation by the…

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: Are taxation policies more effective than education policies, in reducing cigarette smoking in…

A: Education policies are based on behavioral aspect of humans ie they sought to bring a behavioral…