Taxes are essential for funding public services and infrastructure, such as education, healthcare, and transportation, which contribute to societal well-being and economic stability. However, high tax rates can discourage investment and economic growth, potentially leading to reduced individual incentives to work and save. Additionally, inefficient tax systems can result in unfair burdens on certain groups, leading to public discontent. Balancing tax rates and structures is crucial for maximizing benefits while minimizing drawbacks.
direct tax
A tax on perfume is an excise tax. An excise tax is an in-country, or inland, tax on a specific good produced for sale. If the tax is on the perfume as it is imported, it is a customs duty or border tax.
After Tax Profit = Pretax Profit * (1 - Tax Rate) Solve for Tax Rate Tax Rate = 1 - (After Tax Profit/Pretax Profit)
Toll tax is a direct tax
inefficient
I think the best tax company is turbotax, it is efficient, fast, convenient and on the internet so you dnt have to waste gas to go to some tax accountant who is going to rip you off and then charge you for some more money when he is done for his inefficient work
Uneconomical, wasteful or inefficient.
The man was inefficient at performing his mandatory task.
Barter is an inefficient means of exchange because
he faced rising debts from his large court size, inefficient customs tax, and the growing need to summon parliament to raise taxes
Answering this question is an inefficient use of my time. -or- Because the young girl was so lazy, her system was at most inefficient, while at least detrimental to those around her.
Handles work in passive, inefficient way
inefficient
The management decide to improve the inefficient elements of their factory to help improve production.
Articles of Confederation were inefficient. It's federal government was extremely weak, empowering the states. Congress was unable (realistically) to tax or to call an army. Shay's rebellion showed this.
EFFICIENT