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What happens to the deadweight loss and tax revenue when a tax is increased?
The deadweight loss of a tax rises more than proportionally as the tax rises. Tax revenue, however, may increase initially as a tax rises, but as the tax rises further, revenue eventually declines. For example; if you sell a product with a $1.00 tax, you have less tax revenue than if you sold twenty of the product with a .10 cent tax. When you increase a tax, the revenue goes down because the product will not sell at that higher price.
Explain why tax revenue changes when the economy goes into a recession?
Tax revenue changes when the economy goes into a recession. When there is a recession, the government increases tax revenue. The government does this because less people are spending money.
What determines state tax revenue?
the income tax rate
What is public revenue in India?
The revenue received by the govt. of india from all its resouerces is know as Public Revenue. There are twi types of revenues:- 1) Tax Revenue 2) Non-Tax revenue - sub-types a) Commerrcial Revenue b)Fee etc..
What is the federal governments biggest single source of tax revenue?
The individual income tax is the government's biggest single source of tax revenue.
Do wind turbines need subsidy?
Yes they do need subsidy they need money to build and the farmers get money for having a wind turbine in their farm they get subsidy very very high subsidy all from the tax payer
How may the tax system be used as a means of financing?
A government may deliver services by direct payment or indirectly by subsidy through a reduction in tax. For example, the deduction for home mortgage interest provides a tax subsidy for investing in housing.
Tax treatment of deferred revenue expenditure?
What Did you mean by deferred revenue tax
What is revenue tax?
Tax revenue is the income that the government gets from individuals paying their yearly taxes. Anytime taxes are taken out of your paycheck, that goes to the governments tax revenue.
How will the following will affect the supply of personal computer a a rise in wage rate b an increase in the number of seller of computer c a tax place on production of computer d subsidy?
pants
What happens to the deadweight loss and tax revenue when a tax is increased?
The deadweight loss of a tax rises more than proportionally as the tax rises. Tax revenue, however, may increase initially as a tax rises, but as the tax rises further, revenue eventually declines. For example; if you sell a product with a $1.00 tax, you have less tax revenue than if you sold twenty of the product with a .10 cent tax. When you increase a tax, the revenue goes down because the product will not sell at that higher price.
What was the tax of the stamp act?
it was a revenue tax
Which tax contributes maximum in the Revenue collection?
Service tax may be one which collected more revenue
The governments benefit from a tax can be measured by?
tax revenue
How do cities get their revenue?
Cities get revenue from taxes, primarily property taxes. A tobacco tax would be an example of a non-property tax that raises revenue.
How does subsidy affect supply?
It decreases cost of production and increases supply.
how to calculate tax buoyancy?
Tax buoyancy is calculated by dividing the percentage change in tax revenue by the percentage change in GDP. The formula is: Tax Buoyancy = (% Change in Tax Revenue) / (% Change in GDP). A tax system with a buoyancy greater than 1 indicates that tax revenue grows faster than the economy, while a buoyancy less than 1 indicates that tax revenue grows slower than the economy.
