Why is income-in-kind often excluded from income in implementing an income tax? What are some major forms

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Why is income-in-kind often excluded from income in implementing an income tax? What are some major forms of income-in-kind, and what are the economic consequences of excluding such items from taxation?

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Public Finance A Contemporary Application Of Theory To Policy

ISBN: 9780538754460

10th Edition

Authors: David N Hyman

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Question Posted: Aug 15, 2023 02:37 PM

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Why is income-in-kind often excluded from income in implementing an income tax? What are some major forms

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Incomeinkind refers to noncash benefits or goods received by individuals as a form of compensation or payment for services rather than in the form of cash income These noncash benefits can include goo...View the full answer

Public Finance A Contemporary Application Of Theory To Policy

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