BEC Economic Theory Review 12

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Joens1313
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299808
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BEC Economic Theory Review 12
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2015-04-03 00:29:36
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BEC Economic Theory Review 12
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BEC Economic Theory Review 12
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  1. In regards to the classification of taxes, what are direct taxes?
    Direct taxes include sales taxes, income taxes, and property taxes, that property owners pay.
  2. In regards to the classification of taxes, what are indirect taxes?
    indirect taxes are taxes hidden in forgone income or compliance costs.  (taxes paid by an employer for an employee)
  3. In regards to the classification of taxes, what are Proportional taxes?
    Entities pay the same proportion regardless of income
  4. In regards to the classification of taxes, what are progressive taxes?
    Entities with higher income pay more tax as a proportion of income than entities with low income
  5. In regards to the classification of taxes, what are regressive taxes?
    Entities with higher income pay less tax as a proportion of income than entities with low income
  6. In terms of taxes, what kind of taxes are incidence taxes?
    taxes may be paid by one entity but borne by another.  for example a landlord may increase rent to cover property taxes.
  7. What are the types of taxes?

    1. -----------
    2. property
    3. sales
    4. wage
    5. value-added
    • 1. income
    • 2. property
    • 3. sales
    • 4. wage
    • 5. value-added
  8. What are the types of taxes?

    1. income
    2. -----------
    3. sales
    4. wage
    5. value-added
    • 1. income
    • 2. property
    • 3. sales
    • 4. wage
    • 5. value-added
  9. What are the types of taxes?

    1. income
    2. property
    3. --------
    4. wage
    5. value-added
    • 1. income
    • 2. property
    • 3. sales
    • 4. wage
    • 5. value-added
  10. What are the types of taxes?
    1. income
    2. property
    3. sales
    4. ----------
    5. value-added
    • 1. income
    • 2. property
    • 3. sales
    • 4. wage
    • 5. value-added
  11. What are the types of taxes?

    1. income
    2. property
    3. sales
    4. wage
    5. -------------
    • 1. income
    • 2. property
    • 3. sales
    • 4. wage
    • 5. value-added
  12. What are the types of taxes?

    1. --------------
    2. --------------
    3. -------------
    4. ----------
    5. ------------
    • 1. income
    • 2. property
    • 3. sales
    • 4. wage
    • 5. value-added

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