What is the rule of taxation in economy?
plz help i only have less than 7 hours left to report!!
Answer:
http://www.mstc.state.ms.us/newrules/par...
http://www.mstc.state.ms.us/taxareas/ind...
http://72.14.209.104/search?q=cache:jqro...
I'm guessing you mean "Role" of taxation. There's no set rules, except the tax should be less than 100% of income or wealth.
Tax can be treated as an additional cost (either to the producer, seller or end-consumer, depending on the incidence of the tax) that shifts the appropriate supply or demand schedule back. This generally leads to a distortion in the form of dead weight loss.
If you need to write a report, best to take something easier to read and comprehend (rather than a terse mathematical appraoch). I recommend paraphrasing (and be sure to cite sources!) from Paul Krugman's articles in Slate magazine or Milton Friedman's columns in Newsweek or something from "Free to Choose" his sort of economic autobio.
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Answer:
http://www.mstc.state.ms.us/newrules/par...
http://www.mstc.state.ms.us/taxareas/ind...
http://72.14.209.104/search?q=cache:jqro...
I'm guessing you mean "Role" of taxation. There's no set rules, except the tax should be less than 100% of income or wealth.
Tax can be treated as an additional cost (either to the producer, seller or end-consumer, depending on the incidence of the tax) that shifts the appropriate supply or demand schedule back. This generally leads to a distortion in the form of dead weight loss.
If you need to write a report, best to take something easier to read and comprehend (rather than a terse mathematical appraoch). I recommend paraphrasing (and be sure to cite sources!) from Paul Krugman's articles in Slate magazine or Milton Friedman's columns in Newsweek or something from "Free to Choose" his sort of economic autobio.
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