Write an essay about:

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: The Majority Leader of the Senate is Group of answer choicesMike Johnson Hakeem JeffriesChuck…

A: Charles Ellis (Chuck) Schumer is the Majority leader of the Senate (117th and 118th Congress) from…

Q: The personal income and payroll taxes are already too high. I think business should share A larger…

A: Big firms or corporates are powerful players in the market that tends to affect the market prices in…

Q: The following table shows the amount of tax paid in three countries X, Y and Z. Identify the type of…

A: Tax structure refers to how taxes are levied on individuals or entities based on their income,…

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: Emerald Isle has been named by Southern Living magazine as the best beach town in North Carolina.…

A: The tax is a compulsory payment which is given to the government on the gross income for which the…

Q: According to the textbook, which of the following statements is (are) correct? (x)  Taxes on…

A: Tax revenues are collected by the government to undertake government activities such as…

Q: If the market price before the tax is $10.05, the tax implemented is $5.9 on buyers, and the market…

A: The tax is the charge or fee on goods and services charged from the economic agent imposed by the…

Q: o economic theory, which of the following is NOT a feature of an ideal tax system? Multiple Choice…

A: In economics, the Ideal Tax system is a system that complete the criteria of increasing state…

Q: Explain in no less than 4 sentences why Taxation is called the Lifeblood if the Government/State.

A: The charges that are being levied by the government on individuals are known as taxes. They are…

Q: Your politician friend wants to do a survey to find out the impact of a tax on wealth held by…

A: Answer - Need to find - Reasons that survey might be misleading  The reasons survey might be…

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

A: Being in poverty is the condition of not having enough money or material belongings for oneself or…

Q: In a modern, industrial society, the tax system is derived from several disciplines. Identify the…

A: In the complex web of modern industrial societies like the United States, the tax system is…

Q: From an international perspective, examine the taxation principles of an individual’s personal tax.

A: Capacity to pay:- The capacity-to-pay concept holds that taxes should be based on a person's ability…

Q: What if any are the effects of taxation on a normal profit

A: The profit is the excess revenue made by the firm after deducting the total cost of production from…

Q: he U.S tax system a progressive income tax. What is a progressive tax

A: Revenues are required to smoothly run the government. Government earn major parts of the revenue…

Q: Social Security and Medicare taxes are the Payroll Tax.    True

A: The Social Security and Medicare taxes are the Payroll Tax.

Q: Explain in your own words how you believe the Jamaican Government could use taxation to create…

A: The Caribbean economies relies heavily on key sectors such as travel and tourism, international…

Q: Why do some economists advocate taxing consumption rather than income?

A: Hello. Since you have posted multiple questions and not specified which question needs to be solved,…

Q: Identify the author of "The principles of Political Economy and Taxation"

A: The author of the book “The principles of political economy and taxation” is David Ricardo. It was…

Q: In a country, a value-added tax (VAT) is applied at each stage of production. The nature of VAT…

A: Value-added tax (VAT) refers to a tax paid by the seller of the products, but it is ultimately…

Q: Question 10 The producer’s share of a tax will be larger:   A) the greater the elasticity of…

A: Individuals must pay taxes to the government since they are a legal requirement. Taxes and…

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: Question 26     Suppose the government puts a cigarette tax of $ 1 per pack.  In response to this…

A: We are going to explain and answer how to calculate tax burden on consumer to answer this question.

Q: Discuss the key tenets of the U.S. personal income tax code. For example, our tax rates are…

A: A tax code is indeed a federal govt document that describes the rules that people and organizations…

Q: Supply After Tax 3.50 3.00 Supply Before Tax 2.50 Price per pack (dollars) 2.00 1.50 DEMAND 1.00…

A: According to the given graph, before tax equilibrium price and quantity of cigarette was $2 and 10…

Q: The federal government currently uses many forms of taxation, both direct and indirect, to raise…

A: Direct taxes are taxes that are imposed on natural persons and they are based on the taxpayer’s…

Q: Is digital taxation feasible in Africa?

A: Africa has made adjustments to utilize unconventional digital means to replace every day physical…

Q: Describe Progressive taxation. And Regressive taxation

A: Taxation is the process by which a government or other authority collects money from individuals and…

Q: A new elected government want to reform its tax system. As an economist you are hired to advise the…

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

Q: Explain EXTENSIVELY whether "Tax on Alcoholic Drinks and Tobacco Product" is pro-rich or pro-poor.…

A: Taxation is a vital repository of money for governments because it enables them to invest in public…

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: Parliament is interested in financing the cost of their proposed childcare programme by imposing a…

A: The main concern that payroll taxes imposed to pay for childcare programmes will be entirely burden…

Q: Tax Incidence

A: Tax is primarily the income of the government. It will be levied on the people.