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Is the lottery good?
it sometimes depends because you can lose alot of money on it but if you win you can win alot of cash. its more on luck.Another answer:In the US, lotteries are run by state governments as a system to raise money. Lotteries always take in more than they pay out. In many states, the profit is used to fund education; in others, the profit goes into the state's general revenue.Lotteries are a way for states to get additional income without raising taxes. Taxes are unpopular and politicians who advocate raising tax rates are frequently voted out of office. Lotteries are more politically acceptable than taxes because they are voluntary--you don't have to play the lottery. In this respect, lotteries are called "a painless tax".The primary criticisms of lotteries are based on ethical principles. Lotteries encourage people to spend money on a long shot rather than save and invest their money. Since lotteries are designed to pay out less than they take in, the people who play the lottery, on average, always lose. The lottery always offers a negative return on investment. Consequently, lotteries have been called "a tax on people who are bad at math".Other critics point to the fact that lotteries are particularly popular among people in lower income ranges. These are the people who can least afford to lose money on a speculative investment. It is said that lotteries are a tax on the poor: a regressive tax. Lotteries discourage disadvantaged people from saving and investing, with the result that they are never able to lift themselves or their children out of the cycle of poverty, ignorance and dependence.
Regular income tax Fair tax Flat tax which would be your choice?
flat income tax
What makes a tax fair?
a tax is fair is the persons who is being taxed have representitves in Parliament.
When a tax system is referred to as being neutral it implies that?
tax system is fair
What is tax of an item?
The tax of an item is the money that goes to the poor. Depending on where you live, if your government or president is rich, then the tax amount is bigger. If the government is poor, than there is a low amount of tax on an item.
How poor are the poor?
The poor is the poor because they could tax problems, debt problems, or even worse.
What is the property tax rate in British Columbia?
Property Transfer Tax RatesThe amount of tax due depends on the fair market value of the property that is transferred:If the fair market value is $200,000 or less, the tax is 1% of the fairmarketvalue.If the fair market value is greater than $200,000, the tax is 1% of the fairmarket value up to $200,000, plus 2% on the portion of the fair market value that is greater than $200,000.For example:if fair market value of property is $150,000tax payable is: 1% of $150,000 = $1,500if fair market value of property is $250,000 tax payable is: 1% of $200,000 = $2,000 plus 2% of $50,000 = $1,000 for total tax payable of $3,000
Tax takes the same percentage of income from everyone regardless of their earnings?
Fair tax
What is the percentage of the retail price imposed as a tax?
One of the criteria that makes a tax fair
In the US tax system everyone is supposed to pay a fair?
life's not fair - why should taxes be?
Who was tax collector who store extra money from the poor?
The tax collector was Nicodemus.
Who was the poor tax collector who promised to give half possession to the poor?
elijah
