Advantages of progressive tax, Managerial Economics

Advantages

a.           It is more equitable.  The broader shoulders are asked to carry the heavier burden.

b.          It satisfies the canon of productivity as it yields much more than it would under proportional taxation.

c.           It satisfies the canon of equity as it brings about an equality of sacrifice among the taxpayers.

d.          To some extent it reduces inequalities of wealth distribution.

Posted Date: 11/30/2012 3:15:14 AM | Location : United States







Related Discussions:- Advantages of progressive tax, Assignment Help, Ask Question on Advantages of progressive tax, Get Answer, Expert's Help, Advantages of progressive tax Discussions

Write discussion on Advantages of progressive tax
Your posts are moderated
Related Questions
Define Managerial economics according to McNair and Meriam McNair and Meriam:  "Managerial economics comprises the use of economic modes of thought to analyse business situatio

WHY MANAGERS NEED TO KNOW ECONOMICS The influence of economics towards the performance of managerial duties and responsibilities is of major importance. The importance and cont

Suppose you are an efficient expert hired by a manufacturing firm that uses two inputs, labor (L) and capital (K). The firm produces and sells a given output. You have the followin

Air Canada and KLM compete for customers on flights among Amsterdam and Toronto. The total number of passengers (Q) flown by these two firms is the sum of passengers who fly KLM, Q

Search and Matching Model It  should  be  clear  to  you  fiom  the  earlier section  that  there  are  a  variety  of models under the rubric of  search theory.  In  this sec

measurement and scaling techniques in business research

Q. Illustrate about Pecuniary economies? Pecuniary economies (which is monetary economies) are those economies accrued by the firm from paying lower prices for the factors used

Northern Lumber operates a large lumber-processing mill in a small town in Washington State.  It is one of the larger lumber producers in the region and has some market power in th

We can analyse the equilibrium of a firm under Perfect Competition in both the long run as well as in the short-run. SHORT RUN EQUILIBRIUM OF A FIRM UNDER PERFECT COMPETITION

explain the law of demand. briefly discuss the exception to the law of demand