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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.
What else can I help you with?
What happens to the taxes during inflation?
During inflation, the real value of money decreases, which can affect tax revenues and liabilities. As prices rise, nominal incomes may also increase, potentially pushing taxpayers into higher tax brackets, a phenomenon known as "bracket creep." Additionally, if tax rates remain unchanged, the government may collect more revenue in nominal terms, but the purchasing power of that revenue diminishes. Overall, inflation can complicate tax policy and impact both government budgets and individual taxpayers' financial situations.
How could you use revenue in a sentence?
The government raised revenue by increasing taxes.
What should the firm do if marginal revenue is greater than marginal cost?
If a firm's marginal revenue is greater than its marginal cost, it should increase production to maximize profits.
The revenue received from the sale of an additional unit of a product is called what?
The marginal benefit to the firm
What are the 2 main sources of government revenue?
sources of government revenues
What is federal revenue?
AnswerTaxes, taxes and more taxes
Which government agency is responsible for collecting taxes and educating taxpayers about their respondsibilities?
Internal Revenue Service
When did hm customs and excise merge with the inland revenue?
Because the government thought it would be easier for taxpayers to deal with a single government department. The reality has been somewhat different.
How does government pay for the goods and services that it provides to the public?
If you mean who pays for the government, then it is the taxpayers money. All the money that you pay in government fees, road tolls, rates and taxes all go to the government.
What is the definition of revenue?
The definition of revenue for a company is the amount of money that they received for sold goods or services provided in a specific time frame. For the government is means the increase in assets of government funds.
How do the three level of government get their money?
your lucky i did this an r.e last Tuesday .income tax .national insurance .V.A.T .e.t.c
When a government funds programs at levels greater than the revenue it is receiving?
budget includes deficit spending
What is the income received by the government from taxes called?
The income recieved by a government from taxes abd other nontax sources is called Revenue.
Why does CBC Canada run such crappy shows and complain to taxpayers about losing revenue?
BECAUSE THERE Canadian's!!!!!!!!!!!!!!!!!!
How many taxpayers are in BC?
As of the latest available data, there are approximately 2.5 million individual income taxpayers in British Columbia (BC). This number can fluctuate annually due to changes in population and economic conditions. For the most accurate and up-to-date figures, it is advisable to consult the Canada Revenue Agency or provincial government statistics.
Is commission received a revenue?
It is a source of income/revenue.
Where does most government revenue come from?
Most government revenue comes from us
