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Corrective taxes bring the allocation of resources closer to the social optimum and thus improve economic efficiency.
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What is Corrective tax?
another word for pgovian tax.
Define tax and explain its various types?
Tax is a compulsory payment imposed by government on every citizen of a country.Every one have to pay different taxes to government.there are two basic type of taxes.1=Direct tax.2=Indirect tax.(Direct Tax)Taxes imposed and collected by the same person,are called direct taxes e.g. Income tax,property tax,wealth tax.(Indirect Tax)Taxes imposed on one person but collected by some other person are called indirect taxes e.g. Sales tax,Central excise duty.
Sales tax is an example of?
Sales tax is an example of an indirect tax. This is taxes that a consumer pays to someone else and then that other person pays the taxes to the government.
How much income tax would I pay if I inherit 100000?
Tax laws are different in different places, and you did not give a location. In the US, an inheritance is not covered by income tax, but could be covered by some other taxes. Sorry, no one simple answer.
What is Pst payable accounting?
it is other taxes payable like hormonised sales tax. It is not Income Tax or corporate Tax.
How many taxes are there in India?
service tax , income tax, sales tax, tds tax, excise tax & other taxes
What is Corrective tax?
another word for pgovian tax.
Define tax and explain its various types?
Tax is a compulsory payment imposed by government on every citizen of a country.Every one have to pay different taxes to government.there are two basic type of taxes.1=Direct tax.2=Indirect tax.(Direct Tax)Taxes imposed and collected by the same person,are called direct taxes e.g. Income tax,property tax,wealth tax.(Indirect Tax)Taxes imposed on one person but collected by some other person are called indirect taxes e.g. Sales tax,Central excise duty.
What are the three main types of taxes?
There are many different types of taxes including personal and business taxes. Business taxes doesn't include your personal taxes and are generally higher.
How was the stamp act different from other taxes Britain had impose on colonies?
It was the first direct tax levied on the colonists.
What types of taxes are federal taxes?
Federal taxes are paid to the federal government. There are many different ones; in the transportation business income tax, Social Security tax, unemployment tax, fuel tax, road tax and federal excise tax are the most important.
Identify the several different taxes by which the Federal Government raises revenue?
The Income Tax. The Corporation Income Tax. Social Insurance Income Tax. Excise Taxes. Estate and Gift Taxes. Customs Duties.
How old do have to be to stop paying taxes in the United States?
Age has absolutely NOTHING to do with taxes. The retirement age, 65 years old, affects income taxes--ONLY IF the person has NO other taxable income. Otherwise, US Citizens pay one tax or another until they die... such as State Tax, City taxes, income tax, property tax (if they own property/house), taxes for different levies, like school tax, etc. etc. Every ballot has a levy of one sort or another. The ONLY other factor with filing taxes is permanent disability. But again, if the person has other taxable income, they still need to file taxes and pay them.
What percent of total tax revenue does the lowest 50 percent?
The answer depends on:what tax (income, sales/value added, inheritance or other)? Different taxes affect different groups differently.in which country?
Sales tax is an example of?
Sales tax is an example of an indirect tax. This is taxes that a consumer pays to someone else and then that other person pays the taxes to the government.
How much income tax would I pay if I inherit 100000?
Tax laws are different in different places, and you did not give a location. In the US, an inheritance is not covered by income tax, but could be covered by some other taxes. Sorry, no one simple answer.
What are the Different types of taxes within the hospitality industry?
vat service tax entetainment tax
