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For its fiscal year ending September 30, 2007, Twin City levied $500 million in property taxes. It collected taxes applicable to fiscal 2007 as follows (in millions):
Short-term loans which are backed by the taxing power of the governmental unit and used to meet working capital requirements are called:
Governmental activities - stuff financed mostly with taxes and intergovernmental grants; these correlate with governmental funds. There are five types of these:
Problem: How can emission charges encourage businesses to be innovative? Provide a specific example of this. Compare this approach with a standard regulation from a central authority.
Would you expect government to tax goods with elastic or inelastic demand? Explain how the elasticity of the taxed good would affect government revenue. Use at least one example of a good that is ta
Question) Which of the following statements regarding tax credits is true? A. Tax credits provide a greater tax benefit the greater the taxpayer's marginal tax rate. B. None of the answer choices are
Should the wealthier members of society be forced to pay through taxation, for the poorer members? If so, how much?
Please describe tax and ethical considerations (with supporting authority where possible) regarding whether one should prepare a gift tax return that reports the taxable gifts in the following situa
Problem 1: The two firms have the same level of total assets and expected net operating profit after tax (NOPAT)
In mid-1968, the government imposed a 10% income tax surcharge on personal and corporate income to pay for the costs of the Vietnam War.
Question 1: How large of a tax-induced price increase would it take to reduce cigarette consumption by 20 percent? Show work.
(a) Assuming a 10 percent sales tax is levied on all consumption, complete the following table: (b) Is the sales tax progressive or regressive?
A company is 40% financed by risk- free debt. The interest rate is 10%, the expected market risk premium is 8%, and the beta of the company's common stock is 0.5. What is the company cost of capital
Suppose a special tax was introduced that used the value of one's automobile as the tax base. Each person would pay taxes equal to 10 percent of the value of his or her car. Would the tax be proport
How did Bradley reduce the top rate without providing a windfall to the wealthy? i. Explain the Minarik plan for lowering deductions.
A per-unit tax t>0 is levied on the output of a monopoly. The monopolist faces demand q=p^-e, e>1, and has constant average costs. Show that the monopolist will increase price by more than the
Problem: Is it good to have an excess profit tax? Do unexpected monopolistic profit serve any useful function in the market economy?
How will this policy affect (comparing the state of the economy prior to the enactment of the Investment Tax Credit): [Explain how you worked out your answers in each case.]
Improve it with deeper explanations,econometric ideas, mathematic tools... using the next papers (among others). I want an deep explanation of each kind of measure of tax avoidance, advantages and di
An economist estimates that a new tax on labor income has had an effect on the labor supply of affected taxpayers (in other words, affected taxpayers work the same amount of hours after the tax is i
Suppose a sales tax of $9/unit is levied. Find the new equation for demand, the new equilibrium Q, the post tax price received by suppliers, and the post tax price paid by demanders. What portion o
Question. Who pays the larger burden of the tax (buyer or seller)? Why? Be sure to explain your answer using the concept of elasticity.
When or why might a government impose an export tax? Give an original example (real or hypothetical).
Question: What is the governments tax revenue and the deadweight loss from the income tax?
Problem: Discuss whether demand, equilibrium price, and quantity increases or decreases for gas and red meat, respectively, in the following two scenarios. (A) Consumers expect the price of the gas