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- EXPLAIN THREE WAYS IN WHICH TAXATION AND GOVERNMENT SPENDING IMPACT THE ECONOMY POSITIVELY AND NEGATIVELY.Do you think taxpayers would be willing to pay higher property taxes if the revenue is earmarked for a specific purpose?Which of the following is NOT a reason that governments impose taxes? To finance government spending To influence the behavior of households and firms To alter the distribution of income in society These are all reasons why governments impose taxes
- Outline the budgetary process and explain the role that politics plays.Discuss the taxation system of the United States. What kind of system does the U.S currently employ? What are the differences between direct and indirect taxes? What flaws does our tax system have, if any?What would happen if Texas collects less taxes and generates less revenue?
- if tax revenue decreases what would be the effect on marylandWhat is the role of taxation to the economic development of the country and its implication to the people?What would it take to convert a sales tax into a true consumption tax? Senator Smith has suggested that the U.S. federal income tax is a more efficient form of tax than the Texas sales tax. What are the arguments for and against this position?
- How do governments use spending and taxation to reduce inequality How do governments use spending and taxation to reduce inequality and poverty in an economy? How do governments use spending and taxation to reduce inequalityIf the state government would like to increase tax revenue, please give three examples of products/commodities that the government should impose tax on so that they can collect the highest amount of tax revenue. Please explain your reasons clearly.Which taxation system is best and which is the worst?