Explain the benefit principle for selecting a method of taxation. Is the benefit principle more likely to
Question:
Explain the benefit principle for selecting a method of taxation. Is the benefit principle more likely to be followed if a tax structure is regressive, proportional, or progressive? Create an example of an actual tax to illustrate your answer.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 83% (6 reviews)
The benefit principle is a taxation concept that suggests that individuals should pay taxes in proportion to the benefits they receive from government services or programs funded by those taxes In oth...View the full answer
Answered By
Faith Chebet
In the past two years many of my students have excell with the knowledge I taught them.
0.00
0 Reviews
10+ Question Solved
Related Book For
Public Finance A Contemporary Application Of Theory To Policy
ISBN: 9780538754460
10th Edition
Authors: David N Hyman
Question Posted:
Students also viewed these Business questions
-
Which of the following is a correct graph of x>1, x<4 ? A + -3 -2 -1 0 1 2 3 4 5 B < + 3 4 -3 -2 -1 0 1 2 5 + + -3 -2 -1 0 1 2 3 4 -3 -2 -1 0 1 2 3 5 E + + 4 5 -3 -2 -1 0 1 2 3 + O
-
Ann Carter, Chief Financial Officer of Consolidated Electric Company (Con El), must make a recommendation to Con Els board of directors regarding the firms dividend policy. Con El owns two...
-
Founded by Jeff Bezos, online giant Amazon.com, Inc. (Amazon), was incorporated in the state of Washington in July, 1994, and sold its first book in July, 1995. In May 1997, Amazon (AMZN) completed...
-
DTG agreed to merge with the SPQ. The total equity purchase price of $45,000 is going to be 50% financed issuing DTGs common shares and 50% financed with cash raised by DTG issuing long-term debt....
-
The recent success of Southwestern University's football program is causing SWU's president, Joel Wisner, more problems than he faced during the team's losing era in the early 1990s. For one thing,...
-
Design ordinal, interval, and ratio scales for measuring consumer preferences for various automobile brands.
-
Euler's equation in the differential form for motion of liquids is given by: (a) \(\frac{d p}{ho}-g d z+v d v=0\) (b) \(\frac{d p}{ho}+g d z+v d v=0\) (c) \(\frac{d p}{ho}-g d z-v d v=0\) (d)...
-
Frequency response data for a process are tabulated below. These results were obtained by introducing a sinusoidal change in the controller output (under manual control) and recording the measured...
-
At the beginning of the year, Zesty Corporation purchased 10,000 shares of Scrumptious Company common stock for $80 per share. Scrumptious Company, which has issued 40,000 shares of stock, earned net...
-
Explain why lump-sum taxes will not cause any losses in efficiency. Are lump-sum taxes feasible? Lump-sum taxes do not result in substitution effects, but they do affect prices. Is this a...
-
In the late 1960s and 1970s, many prominent economists recommended the elimination of the military draft. The draft allowed the government to set military wages below comparable market salary rates....
-
In a crash test, a car is driven into a solid wall at a speed of 35 mph. Figure P4.22 shows the cars acceleration as it crashes into the wall. What is the maximum force experienced by the 1650 kg...
-
Construct simple network diagrams.
-
Pearl owns 60 percent of Gorman Corp.'s stock. During 2015, Pearl contributed property with an adjusted basis of $20,000 and a fair market value of $15,000 to Gorman Corp. in a transaction qualifying...
-
Sell Corporation has 400 shares of its only class of stock outstanding. Mr. Church owns 60 shares, his wife owns 80 shares, his son owns 200 shares, and his sons daughter owns 60 shares. Under the...
-
During the current year, a corporation distributed property with an adjusted basis of $100,000 and a fair market value of $140,000 to its shareholders. Its earnings and profits for the year were...
-
James owns 100 shares of Price Company which are Section 306 stock. He also owns 300 shares of its common stock. He wants to dispose of these shares in 2019 and is considering several options....
-
Go to a currency exchange site on the internet and look up today's exchange rates for the currencies in problem 1. Resolve the problems using today's rates. Analyze how the rates have changed since...
-
During 2012, Cheng Book Store paid $483,000 for land and built a store in Georgetown. Prior to construction, the city of Georgetown charged Cheng $1,300 for a building permit, which Cheng paid. Cheng...
-
Red Corporation and White Corporation, both calendar year C corporations, are members of a controlled group of corporations. For the current year, Red has taxable income of $130,000, and White has...
-
In the current year, Pelican, Inc., incurs $10,000 of meals and entertainment expenses that it deducts in computing net income per the corporations financial statements. All of the meals and...
-
In the current year, Juanita and Joseph form a two-member LLC and do not file Form 8832 (Entity Classification Election). As a result, the LLC will be treated as a partnership for Federal tax...
-
A naked, male corpse was found at 8 a.m. on Tuesday, July 9. The air temperature was already 26.7C (81F). The body exhibited some stiffness in the face and eyelids and had a body temperature of 34.4C...
-
What does the check mark in the "Post" reference column of any special journal refer to? Discuss about the Post reference column.
-
a) Find the remainder and the quotient when 4x-5x+2x+4 is divided by x+2x+1 (10 Marks) b) The age of the followers of a Kenyan political party chosen randomly is given as 58, 45, 73 61, 66, 52, 54,...
Study smarter with the SolutionInn App