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Different taxes imposed in the economy

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Reference no: EM131607428

There are many different taxes imposed in the economy. Two major revenue sources for governments are income taxes and sales taxes. If you were charged with implementing a tax structure to raise revenue for public-sector expenditures, would your design be focused on taxation of income or taxation of sales?

Please discuss the advantages and disadvantages of your proposal. Two paragraphs of solid explanation and supported with good examples is perfect for this paper.

Reference no: EM131607428

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