burden of this tax

Related BrainMass Solutions

• relationship between excess burden of tax and demand and supply

  Show this situation in the market for labor graphically and explain who bears most of the burden of the tax. b. Now consider the market for a college education as well.

• Public Budgeting - Relative Tax Burden

  However, it is based on the relative tax burden of the taxpayers. This solution explains what it means to have a relative tax burden. The reasons for a relative tax burden are also discussed, including the implications of a relative tax burden.

• excess burden or Dead Weight Loss

  He therefore concludes that the excess burden of the new tax is zero. Do you agree? Define "excess burden", and explain why or why not. What information would you need to approximate the excess burden of the tax? Be specific. b.

• Price elastcity and burden of sales tax

  208476 Price Elastcity and Burden of Sales Tax Why does the burden of sales tax fall completely on consumer when the price elasticity of demand is perfectly inelastic; the seller when perfectly elastic and the prefect inelastic supply and perfectly elastic

• supply demande equilibrium questions

  Is the incidence of the tax a consideration when government imposes this tax increase? Why or why not? Remember, one of the main topics is elasticity. The economic burden from a sales tax depends upon the elasticity of demand/supply for the good.

• Suppose the corporate income tax were eliminated and corpora

  How would such a change in tax policy affect the excess burden and incidence of the tax, assuming that all forms of investment income are included in a comprehensive income tax base?

• Taxable Income, Tax Liability, Tax Burden

  Calculation of taxable income, tax liability, and tax burden (percentage)

• Tax Bases, Budget Financing, Budget Deficits

  Step 1 The three classes of tax bases are the income tax, the payroll tax and the consumption tax. In case of the income tax the burden of the tax is borne by the individual taxpayer.

• EFFICIENCY AND INCIDENCE

  Find the government tax revenue and approximate the excess burden caused by the tax. Why is your measure of excess burden an approximation (what information are you missing)? d.

• Taxpayer's Marginal Tax Rate (MTR)

  Return=(1-9%)*31%=28.21% As it is given that the state income taxes are deductible on the federal income tax, due to this the tax burden for this deduction by the state government is (=I*9%).