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    The whole idea of taxation system

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    9. What's wrong with the following statement? People should be taxed in proportion to the economic benefits they individually receive from spending the tax revenue; therefore, estate taxes should be eliminated, and welfare programs for poverty should be financed by taxing the poor.

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    The whole idea of taxation system in any country is to increase the overall welfare of the people of the country. In a democratic country every citizen has a right to basic amenities and physical needs such as food, cloths, etc. One of the main objectives of economics is to achieve equity in the ...

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    The whole idea of taxation system is summarized.