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9 edge 2012
Outline
? Definition
? Importance of assess
? Franks idea of forward-moving using up tax
? Effects of progressive consumption tax
The Idea of a Progressive Consumption Tax Proposed by Robert Frank tax
Definition
In either state, every citizen is required by law to make a compulsory contribution to the state revenue. These contributions argon referred to as taxes and are levied upon citizens income property businesses and other government regulatory measures. Consumption tax levied from purchases of goods and services in form of sales from commodities. Progressive revenue enhancement means an increase in the amount of taxes levied as the take of income increase. These means the more an individual earns the more he or she is expected to pay as tax.
The progressiveness of tax is not common on consumption tax but in income revenue enhancement.
Importance of tax
The issue of taxation has been more often than not been received with mixed fillings with some people seeing taxation as a governments way of roll up money from its citizens. Money serene through taxes is used in maintaining and providing infrastructure. commonplace security being an important aspect of life is funded by the revenue collected in form of taxes. Public debt caused by government borrowing is paid by taxes collected from the public.
Franks idea of Progressive consumption tax
Progressive consumption tax simply means imposing a high tax rate on high spenders. This consequently means that the public will automatically reduce its outgo and turn to other options. Economists have argued that reduction in expenditure might crumble the...If you want to get a serious essay, order it on our website: Orderessay
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