Free

3-5 Tax Incidence - Book Report/Review Example

Comments (0) Cite this document
Summary
He reports that tax incidence informs about who should pay the burden of tax. People who are ignorant of taxing and related descriptions think that government fails in taxing…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92% of users find it useful
3-5 Tax Incidence
Read TextPreview

Extract of sample "3-5 Tax Incidence"

No: Response to Article: The article by Walter Williams informs about the ignorance of masses about taxation and tax incidence. He reports that tax incidence informs about who should pay the burden of tax. People who are ignorant of taxing and related descriptions think that government fails in taxing the right people and corporations and rich people should be taxed only. However, if we judge correctly, tax is distributed between people whether they are rich or poor. Corporations are just business entities, which hire people for services and sell their products and services for some price. When they are taxed more, they shift their burden to their workers and customers who are not rich. Therefore, to tax someone or some entity is an activity that involves some thought process and is not done just blindly as many people get affected because of additional taxes. The article is a good one as it highlights what we should know and who should be believe. We should not ignorantly follow wrong advices and should read gain knowledge about everything that puts an impact on us.
Response to Student’s Response:
The response by the student tells a story about Johnny, his Dad and Mom. Dad is the employer; Johnny and his mother are workers. Mom is informed to be a weak worker and Johnny gets paid for working for Dad and Mom, but when he exceeds his wishes, he is unable to get paid what he expects. I think that student wants to inform that we have to manage our expenditures as per our wages and extra taxes will deprive the poor from getting required wages because the employer gets trapped in paying more. He has given a good example, but it only illustrates the wages that one gets resultantly because of elevated taxing and neglects the issue why we should not tax people.
Works Cited
Williams, Walter. Ignorance Exploited. 2011. Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“3-5 Tax Incidence Book Report/Review Example | Topics and Well Written Essays - 250 words”, n.d.)
3-5 Tax Incidence Book Report/Review Example | Topics and Well Written Essays - 250 words. Retrieved from https://studentshare.org/business/1651782-3-5-tax-incidence
(3-5 Tax Incidence Book Report/Review Example | Topics and Well Written Essays - 250 Words)
3-5 Tax Incidence Book Report/Review Example | Topics and Well Written Essays - 250 Words. https://studentshare.org/business/1651782-3-5-tax-incidence.
“3-5 Tax Incidence Book Report/Review Example | Topics and Well Written Essays - 250 Words”, n.d. https://studentshare.org/business/1651782-3-5-tax-incidence.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF 3-5 Tax Incidence

Tax avoidance,tax evasion,tax mitigiation

...://law.jrank.org/pages/17077/Ramsay-principle.html Statute. [Date Accessed: June 1, 2011]. Retrieved from website: http://statutelaw.blogspot.com/2011/05/14wt-ramsay-ltd-v-irc-1982-ac-300-hl.html Furniss vs Dawson. [Date Accessed: June 2, 2011]. Retrieved from website: http://www.lawgazette.co.uk/news/furniss-amp-dawson-where-does-tax-planning-go-now Melissa Pang and William Ong. Construction of Revenue Statute: The Ramsay Principle. Available at CFTL website. [Date Accessed: June 3, 2011]. Website: http://www.cftl.cn/show.asp?c_id=555&a_id=3852 Statute on Furniss vs Dawson. [Date Accessed: June 2, 2011]. Retrieved from website:...
8 Pages(2000 words)Essay

Assignment 1-5-3

...the rest of the book make for a multi-faceted understanding of how to support a successful new venture. Simpson P., Swatman, P.M.C., (1997). Small business use of the Internet: Findings from Australian case studies. International Marketing Review, Vol. 14 (5), pp.385 - 402 The tremendous hype that the use of the internet generates can be intimidating to a non – user. It is essential to document the extent of success that users have in different areas of internet use in running a successful business. The strain of maintaining a resource is the highest for a small business; and thus the study attempts to identify the extent to which small businesses successfully use the internet. The authors have reviewed the functioning...
1 Pages(250 words)Essay

Incidence and Prevalence: Schizophrenia

...?Incidence and prevalence: Schizophrenia Incidence and prevalence of schizophrenia varies across regions, provinces, and nations. Such variation is reported between Vancouver region, its province of British Columbia, the nation, and the entire globe. This paper explores exact demographics in the incidence and prevalence variation across the territorial levels. Introduction Schizophrenia defines a mental disorder that compromises a person’s cognitive potential. It for instance impairs a victim’s ability to differentiate between things that are real and those that are not. A schizophrenia patient is also not able to think with clarity, they have emotional instability problems and exhibit...
4 Pages(1000 words)Essay

Assignment 3: Tax Credits

...?Assignment 3: Tax Credits The Original Purpose of Tax Credit in the U.S Tax and Its Present Relevance to the Taxpayer “Tax credit is a direct reduction in the tax liability of the taxpayer receiving the credit” (Murphy & Higgins, 2011 pg. 23). Since 1940s, the U.S tax code has undergone many modifications to ensure justice to taxpayers as well as to generate revenue for the federal government. Tax credits, along with other instruments such as tax deductions and tax exemptions, was used to protecting various income groups and business enterprises during economic downturn...
8 Pages(2000 words)Research Paper

Assignment 3: Tax Reform

...?Taxes and Investors The interest charged by corporations is of great interest to the investors for this is means of raising capital with debt instead of equity. Nothing compares to the tan reduction of dividends that is paid to the shareholders. Tax on dividends is paid twice, once by the corporation and then by the shareholder himself. Individual shareholders paid tax at a rate of a minimum 15% on qualifying corporate dividends, and about 10 to 20% lower than them federal tax rate which is at times as high as 35%. Those taxpayers who are currently paying a marginal federal tan of 10 to 15% pay no taxes for qualifying dividends as well as any long-term...
5 Pages(1250 words)Essay

Incidence of alcohol consumption

...? Incidence of alcohol consumption of the Institute of affiliate Incidence of alcohol consumption As much as many people will affirm that alcohol consumption is a way of enjoyment, the truth is that it has its own repercussion. First, generally alcohol consumption involves the drinking of either wine, hard liquor or beer. According to research, alcohol is termed as one of the drug substances that has raised alarm all over the world. People from all levels of life, age and communities in the world have been engulfed with alcohol consumption. In this paper, a research showing alcohol consumption incident in a certain community is tabulated and then analyzed. Phase one. Before analyzing the general incident of alcohol consumption... Incidence of ...
3 Pages(750 words)Research Paper

Mesothelioma (Incidence)

...from mesothelioma. The incidence of mesothelioma in Canada has increased steadily as seen from the figures collected over a period of twenty years starting from 1984 where the cases diagnosed have more than doubled, as persons exposed to asbestos from 1970 onwards are being reported as positive for the disease (Marrett et al, 2008). The disease develops gradually and sometimes it takes as long as thirty years to manifest after the first exposure of a person to asbestos. Although more common in men than women, family and other persons living in close contact with asbestos workers are more likely to suffer from this disease. A person usually gets exposed to asbestos particles when they are suspended in the air during...
4 Pages(1000 words)Essay

Case 3:Unit 5

...Spending ( n =47) symmetric, normal quantile Mean Median Std.Dev. 3935.745 4110.000 1030.257 D’s Spending ( n =12) Skewed to the right, normal quantile Mean Median Std.Dev. 3776.250 3643.000 462.445 M’s Spending ( n =16 ) Skewed to the left, normal quantile Mean Median Std.Dev. 4268.556 4313.000 868.205 Further analysis of spending by cardholder demographic category was conducted using cross tabulation. The distributions of spending category (1=1000s, 2=2000s, 3=3000s, 4=4000s, 5=5000s) for each demographic category are shown in tables four and five below. Table 4. Distribution of Spending Category by Gender. Row Conditional Distributions...
3 Pages(750 words)Case Study

Tax

...Tax Introduction Tax is always a national issue that attracts interest and outcry from the investors, government and citizens in equal measures. Tax, a compulsory payment by citizens to the government, facilitates the development of public projects. However, several controversies affect the collection and administration of taxes across the world. This arises of the exorbitant imposed on people based on their income levels and wealth accumulation. Although taxation should be done on an equal level, government departments are considering a reduction for the middle class and an increase for the wealthy. It is apparent that taxes from the wealthy and income...
2 Pages(500 words)Essay

Case 5-3

... company’s offer. Without a doubt, Joel calculates his moves effectively to ensure that Don easily closes the deal allowing the company to replace his roof (p. 342). Without a doubt, Joel uses the technique to evoke the emotions of Don a factor that may contribute to him accepting the offer blindly. As Chapter 16 highlights, manipulative sales representatives are more likely to use this technique. 3. In the context of this marketing situation, can the argument be made that Don is a “vulnerable” consumer? Explain. Chapter 16 gives attention to vulnerable consumers, but highlights that the vulnerability of consumers may be defined in various ways. The chapter reveals that elderly consumers are more likely to exhibit high levels... Ethics of...
2 Pages(500 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Book Report/Review on topic 3-5 Tax Incidence for FREE!

Contact Us