The Four characteristics of a good tax are:
- <em>Equity:</em>:Taxes should be fair, and certain taxes should be given to taxpayers with similar characteristics.Could be on ability to pay. Example: Height tax is unfair.
- <em>Non-Distortionary:::</em>Taxes should not affect economic behavior.For example, they should not be so high that they discourage people from working.
- <em>Certainty::</em>People and firms should know when atax should be paid (and how much).<em> </em>Taxes should be stable, so that people and firms can plan their finances<em>.</em>
- <em>Convenience::</em>It must be simple and easy for people and firms to pay their taxes on a regular basis.<em> </em>For example, income taxes are collected by employers on a monthly basis from the salaries of the workers.
https://www.sutori.com/story/enlightenment-and-the-french-revolution
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Inauguration of march 4th 1801, Tripoli declares war, Jefferson addresses Congress
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Castro nationalizes all foreign assets in Cuba, hikes taxes on U.S. imports, and establishes trade deals with the Soviet Union. President Dwight D. Eisenhower
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