Explain whether or not the ability-to-pay principle of tax equity is consistent with the benefits received principle of taxation
Ability-to-pay assesses a higher tax on the wealthy, typically with progressively higher marginal tax rates. Benefits received makes those who receive more government benefits pay a higher tax. It is often the poor who receive more benefits, leading to a burden opposite of the ability-to-pay principle.
Economics
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What is a currency board?
What will be an ideal response?
Economics
The report of the 1911 National Monetary Commission
(a) advocated a turn to bimetallism. (b) advocated unification of the state and national banking systems. (c) advocated centralized reserve associations which would coordinate commercial banking processes such as check clearing. (d) advocated a unified central bank modeled after the Bank of England.
Economics