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Mrac [35]
3 years ago
12

If you were in charge of developing a tax system for a country, how would you structure taxes? For example, who should pay the g

reater percentage of taxes? What should taxes be used for?.
Business
1 answer:
Vesna [10]3 years ago
7 0
1. If I am in charge of developing a tax system for my country, I will structure the tax rate in such a way that, the rich will pay a higher percentage of tax than the poor. This type of tax system is called progressive tax. The income tax for instance will be based on the amount of income that each person earns, thus, those earning higher incomes will pay more tax than those earning lower incomes. Thus, the rich will always pay the greater percentage of taxes.
2. Tax payments should be used for the following:
a. To fund health programs.
b. To fund national defense and security programs.
c. To fund social security programs.
d. To pay interests on national debts.
e. To pay war veterans.
f. To fund educational program.
g. To fund assistance agricultural programs.

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Answer:

B) issue a complaint stating that the business is in violation of the law.

Explanation:

The Robinson-Patman Act prohibits seller from practicing price discrimination, that means that they sell their products to different buyers at different prices. This law applies only to the sale of goods, and the goods sold to the different buyers must be similar and the buyers must also be in similar conditions. E.g. it is not illegal to sell at different prices if one buyer is located next to the factory while the other is located 3,000 miles away, in this case the cost of transportation accounts for the difference in price.

Also, price discrimination must result in injury to the buyer, which means that there business is being harmed because their direct competitors receive the product at a lower price. E.g. if a seller charges Walmart a lower price than it charges Target, Target will be forced to sell at a higher price which may result in lower sales.

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6 0
3 years ago
31)Private property and competition between businesses are common in
Scilla [17]

Answer:

C)capitalist

Explanation:

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The free enterprise market is the purest form of a capitalist economy. Capitalist economies contrast with socialists economies where ownership of capital goods is in the government's hands.

7 0
3 years ago
Schweitzer realized that in many cases individuals could only accomplish direct human service in collaboration with official org
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Answer: an absolutely personal and independent activity

Explanation:

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In such case, he wants an activity that will be free from the outside control. Other options are wrong as he wasn't really interested in funding of organizations, or increasing the number of official organizations that are dedicated to direct human service.

5 0
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Effectus [21]

Answer:

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F = P*(1+r)^t

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1,000,000 = 340,461*(1+0.08)^n\\log(\frac{1,000,000}{340,461})=n*log(1.08)\\ n=14\ years

It will take her 14 years to become a millionaire.

5 0
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