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If the federal government raises taxes on gasoline and consumers take on most of the burden of the tax then .?
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Why is the burden of a tax to taxpayers greater than the revenue received by the government?
Because taxpayers suffer an administrative burden when complying with government taxes. The burden to taxpayers is more than just monetary payments to the government. That burden is the process of figuring out the tax code, the proper way to complete taxes, and possibly paying an accountant. This administrative burden makes the burden to taxpayers greater than the revenue received by the government.
When demand is more inelastic than the supply what happens to the burden of a tax?
the consumers pay a larger share of the tax
What is the real burden of an increase in the public debt?
If the government runs into a deficit whatever the burden is will be passed on to the next generation. Public debt increases when the economy is in bad shape.
How does the incidence of a tax use the price elasticity of supply and demand?
If the demand is perfectly elastic in prices (that is, demand falls to zero if the price for consumers is raised even the slightest bit), then the entire tax incidence falls on the producer since the producer would rather face the entire tax burden than lose all his consumers. And if the demand is perfectly inelastic (doesn't change with change in commodity price) then the entire burden falls on the consumers. So higher the price elasticity of demand, higher would be the share of taxes borne by the producer. And higher the price elasticity of supply, lower the share borne by the producer, by similar logic.
What burden mean?
Hardship -------- * Burden - Load - Weight - Lumber - Weigh down - Saddle - Encumber - Trouble - Yoke - TrishiaT
Who bears most of the burden of government regulations?
Much of the burden of government regulation has ultimately been borne by [business] consumers in the form of higher prices.
To reduce the burden of government Jefferson?
Jefferson believed in limited government and reducing its burden on the people. He advocated for a smaller federal government with less power and influence over the lives of citizens. He believed that a more decentralized government would allow for greater individual freedom and self-governance.
Does deportation cost money for the government?
The deportation of an illegal immigrant does cost the government money. The cost is incurred by every level of government. The federal government has the largest burden of cost.
Who can be considered as bearing the burden of indirect taxes?
Consumers.
What is the burden of proof for adultery under the UCMJ?
In a criminal trial (e.g. a Court-Martial) the burden of proof is the same as in state and federal criminal law. The burden is the government must prove beyond a reasonable doubt that the accused committed each of the elements of the charged offense.
Why is the burden of a tax to taxpayers greater than the revenue received by the government?
Because taxpayers suffer an administrative burden when complying with government taxes. The burden to taxpayers is more than just monetary payments to the government. That burden is the process of figuring out the tax code, the proper way to complete taxes, and possibly paying an accountant. This administrative burden makes the burden to taxpayers greater than the revenue received by the government.
When demand is more inelastic than the supply what happens to the burden of a tax?
the consumers pay a larger share of the tax
What is concentration theory in tax shifting?
Concentration theory in tax shifting refers to the idea that businesses may pass on the burden of a tax to consumers in the form of higher prices. The theory suggests that the extent to which businesses can shift the tax burden to consumers depends on the market structure and the elasticity of demand. If the demand for the product is inelastic, businesses are more likely to pass on the tax burden to consumers.
Which level of government carries most of the burden in paying for education?
State and local governments carry most of the burden in paying for education.
Is the tax burden of sin taxes on tobacco products shared equally between consumers and -producers?
no,buyers pay more
Can I get a complete masters degree scholarship?
The first place you'll find scholarships for master's degree students is through the federal government. While these are limited, you can still reduce the burden of the expense that is incurred for graduate studies. Beyond the federal government, your next resource is the school you plan to attend. Often, based on past performance, you may be eligible for scholarships directly through the college or university.
What changed in the practice of Law that shifted the burden of proof of insanity to the defendant?
the Federal Insanity Defense Reform Act
