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What is a tax cut?
A tax cut is the act of reducing taxation.
What is the principle that justifies a regressive tax?
The benefits-received principle justifies a regressive tax.
Why do you study taxation?
As a manager we study tatation to reduce the tax that your organization will pay.
What best reflects the ability-to-pay philosophy of taxation?
a tax on residential property
How could you describe a tax that is assessed according to the benefits received principle?
To describe a tax that is assessed according to the benefits received principle one must first view the rules or laws that makes that tax that is supposed to assessed official.
What are the Principles and theories of taxation?
Some principles of taxation include equity, efficiency, simplicity, and neutrality. Theories of taxation include the benefit principle, ability-to-pay principle, and the theory of tax incidence, which examines how the burden of the tax is distributed among different groups.
Is a benefit principle of taxation an example of a progressive tax or regressive tax?
It would depend on the type of structure of the taxation. Take Mr. Cain's 999, it is an expample of a regressive taxation princeple. The higher income folks pay less and the middle and poor pay more. Study it, you will see.
What has the author Joel Slemrod written?
Joel Slemrod has written: 'Taxation and inequality' -- subject(s): Income tax, Mathematical models, Income distribution 'A north-south model of taxation and capital flows' -- subject(s): Foreign Investments, Foreign income, Income tax, Investments, Foreign, Mathematical models, Taxation 'Are estimated tax elasticities really just tax evasion elasticities?' -- subject(s): Income tax deductions for charitable contributions, Taxation 'A general model of the behavioral response to taxation' -- subject(s): Econometric models, Economics, Effect of taxation on, Labor supply, Psychological aspects, Psychological aspects of Economics, Psychological aspects of Taxation, Substitution (Economics), Taxation 'The seesaw principle in international tax policy' -- subject(s): Foreign Investments, Investments, Foreign, Taxation 'The economics of corporate tax selfishness' -- subject(s): Corporations, Taxation, Tax planning 'Trust in public finance' -- subject(s): Tax evasion 'The optimal elasticity of taxable income' -- subject(s): Econometric models, Income tax, Elasticity (Economics), Effect of taxation on, Labor supply 'High-income families and the tax changes of the 1980s' -- subject(s): Economic aspects, Economic aspects of Taxation, Taxation, Wealth tax 'Do trust and trustworthiness pay off?' -- subject(s): Economic aspects, Economic aspects of Reliability, Economic aspects of Trust, Reliability, Trust
Which tax leads to double taxation?
corporate tax
How does the Magna Carta allow fair taxation?
The Magna Carta, signed in 1215, established the principle that taxation should not be imposed without the consent of the governed, particularly through their elected representatives. This meant that the king could not levy taxes arbitrarily; instead, he needed the approval of a council of barons, which laid the groundwork for more democratic tax practices. By ensuring that citizens had a say in tax matters, the Magna Carta promoted fairness and accountability in taxation. This principle has evolved to influence modern democratic systems, where fair representation is essential for tax legislation.
What is the purpose of the income tax brackets?
Income tax brackets enable the progressive taxation of income.
What is exemption from taxation of government entities?
It just means that Government entities don't pay tax. The Federal Government for example doesn't pay tax to a State, including things like sales tax or property tax.
What is a tax cut?
A tax cut is the act of reducing taxation.
What is the difference between global and territorial system of taxation?
global tax mean there is double taxation, but at territorial there is one tax only
A sales tax on gasoline is and example of what type of tax?
The United States has a progressive tax method. This means that the more your earn to more tax percentage of your income you pay. This is a dangerous type of taxation in that we are approaching a time when almost 50% of the population pay no income taxes at all.
What is the Dutch rule?
The Dutch rule is a principle in the context of taxation, specifically relating to the taxation of capital gains. It stipulates that a tax is imposed on the increase in value of assets held by an individual or entity, but only when those assets are sold or otherwise disposed of. This approach contrasts with the realization principle, where taxes are applied to capital gains as they accrue. The Dutch rule is often discussed in relation to tax policy and economic behavior, as it can influence investment decisions.
What are the basic principles of taxation?
Principles and Theories of Taxation 1. The Benefit Principle- This principle holds the individuals should be taxed in proportion to the benefits they receive from the governments and that taxes should be paid by those people who receive the direct benefit of the government programs and projects out of the taxes paid. 2. The Ability to Pay Principle- This principle holds that taxes should relate with the people's income or the ability to pay, that is, people with greater income or wealth and can afford to pay more taxes should be taxed at a higher rate than people with less wealth. An example is Individual income tax. 3. Taxation The Equal Distribution Principle- This principle states that income, wealth, and transaction should be taxed at a fixed percentage; that is, people who earn more and buy more should pay more taxes, but will not pay a higher rate of taxes.
