Since the tax season is over, it is now a good time to actually look at taxes in a peaceful environment. Since they shape our everyday life, it is a good idea to check our understanding and know, what process is behind paying more and earning less.
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2. Since the tax season is over, it is now a good time to
actually look at taxes in a peaceful environment.
Since they shape our everyday life, it is a good idea
to check our understanding and know, what process
is behind paying more and earning less.
3. A definition?
• fee that allows government to keep on going
• income stream for any government that helps to
maintain public goods
4. An approach to
calculations?
• Regressive
• the less you earn, the more you pay
• Progressive
• the more you earn, the more you pay
• Proportional / Flat
• everyone pays the same percentage
5. Taxes are called an inevitable evil, but there are ways
to make that negative the smallest possible. To
achieve that, which system would you choose?