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kupik [55]
2 years ago
15

When government is trying to raise tax revenue, it sometimes attempts to target higher-income people because they are in a bette

r position to bear the burden of a tax. However, it can be very difficult to earn tax revenue from wealthy people. Consider the progressive nature of the U.S. federal income tax system: It's designed so that higher incomes are taxed at higher tax rates. Thinking about the elasticity of labor supply, why might it be more difficult to collect tax revenue from a wealthy individual than from a poor person, all else equal
Business
1 answer:
liubo4ka [24]2 years ago
4 0

Answer: The labor supply curve for a wealthy individual is usually more elastic than a poor person's labor supply curve

Explanation:

Tax could be described as individuals paying a particular percentage of their income and whatever they use then pay to the government. The aim of the tax being collected is to generate funds internally which could be used in maintaining the economy.

Despite the government attempts to make tax be one-sided, it yields little or no result in favour of the poor as they end up being well tax as same as the rich. Those who are poor make use of services regularly, and most societies have them than those who are already established. The labor supply curve for a wealthy individual is usually more elastic than a poor person's labor supply curve. We would realize that we have more poor people in labour than those who are rich.

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3 years ago
An investment adviser with no place of business in the State is exempt from registration if it renders advice solely to employee
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$1,000,000

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The investment adviser who doesn't have any place of business in the state and offers his services to only employee benefit plans with assets of assets at least $1,000,000 are exempt from registration. If the asset value exceeds this limit then the investment adviser will be required to register itself.

5 0
3 years ago
10) Financial intermediaries can substantially reduce transaction costs per dollar of transactions
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Answer: D) economies of scale.

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Financial Intermediaries such as Commercial banks, Mutual funds, Investment banks etcetera have a lot of funds available for trade which they use to execute large trades. As a result, the costs on average are lower or them per transaction as opposed to traders executing with lower volumes. For example, when purchasing shares they will be able to negotiate better fees with stockbrokers because they are buying a lot of shares as opposed a single buyer trading.

7 0
3 years ago
As mike says in the video, trainers need to genuinely care about their clients. ana adds that she learns a lot about people and
tankabanditka [31]

Answer:

there are various problem solving styles such as,

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Explanation:

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3 years ago
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navik [9.2K]

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Based on the scenario being described within the question it can be said that the type of loan being described is known as a wrap-around loan. This is a loan in which the initial home morgage amount is added to an incremental amount that when summed makes up the total amount that the house is being sold for and which the buyer will need to pay the seller in a given period of time. Which in this type of loan the lender provides the money for this payment.

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2 years ago
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