Please answer this in a paragraph! Thank you!

You have been put in charge of the taxation of the Mars colony. You need to decide how to tax the citizens of the colony. Will you institute a progressive, regressive, or a flat tax on income? Will you institute excise taxes? If yes, what goods and services will you tax and why? Will you institute sales taxes, property taxes, or VAT on goods?

Answers

Answer 1

Answer:

If I were placed in charge of the Mars colony then I would make it a lot different from what the Earth has. I would take the position of a progressive tax on income, I would make sure that everyone gets taxed based on how much they make. I would like to see everyone living in a peaceful society that doesn't scramble for money. I will add excise taxes for only the goods that aren't necessary, such as alcohol and tobacco, I personally want to put it on the things that harm humans so that way they might direct away from the toxic substances. I don't think I will incorporate sales taxes on Mars, there are so many poor people on Earth right now and I know for sure that when I pick something up in the store and it says a price I want it to be THAT price. I feel that sales taxes are kind of greedy and unnecessary. Property tax, on the other hand, is fairly important I will leave that. It funds things around the community and that is handy for expenses when something happens, such as a fire. I also think that I will leave out VAT taxes on goods, I think that people should have less to worry about when they pick something up and look at the price, it shouldn't be an estimated price and then taxes added later.

Answer 2

For a governmental authority or tax revenue department the system of taxing the nation in any country will be progressive tax slab system because to maintain the wealth equality among poor and rich citizen.

What is tax revenue?

Tax revenue is described as the money received from levies on products and services, payroll taxes, social security contributions, income and profit taxes, taxes on the ownership and transfer of property, and other taxes.

Further based on the idea of ability to pay, a progressive tax takes a bigger percentage of income from high-income groups than from low-income ones. For instance, a progressive tax system might impose a 10% tax on low-income taxpayers, a 15% tax on middle-class taxpayers, and a 30% tax on high-income taxpayers.

Therefore a tax system that raises rates as taxable income rises is known as a progressive tax. Taxes on dividends and capital gains, investment gains, rental income, estates, and tax credits are a few examples of progressive taxes.

Learn more about tax revenue:

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Related Questions

In what way did Jesus go beyond the commandments in his teaching? Name one of the commandments and explain how Jesus is asking for more.

Answers

Answer:

1. Loving God above all things: Jesus just not teaching with words, but with his actions too, when he was in the desert 40 days and 40 nights without food or water, the devil tempts him for he kneels in front of the devil, I consider that was a big trial that no many humans can do, but he, strong and decided in his faith, doesn't kneel in front of the devil, demonstrating that the love to God is above the hungry, thirsty or another need of the human body (God above all things).

Explanation:

There are many examples that could show you how Jesus was the perfect human, but in this case, I select the trial in the desert, because was when Jesus directly fight with the devil, showing us that despite the needs form the human body, a person can overcome the difficulties and being a good example of a servant of God.

What are two types of financial exchange

Answers

Credit card (Digital) and (physical) Which is with cash

what is the economic administration?

Answers

Answer:

The U.S. Economic Development Administration (EDA) is an agency in the United States Department of Commerce that provides grants and technical assistance to economically distressed communities in order to generate new employment, help retain existing jobs and stimulate industrial and commercial growth through a variety of investment programs.

How does a command economy differ from a mixed market economy?


A) In a command economy, citizens have fewer property rights. In a mixed market economy, citizens have more property rights.
B) In a command economy, citizens have more property rights. In a mixed market economy, citizens have fewer property rights.
C) In a command economy, citizens own all public property. In a mixed market economy, the government owns all private property.
E) In a command economy, citizens own all private property. In a mixed market economy, the government owns all public property
PLEASE READ!!! The answer is A) Correct on Edg 2020

Answers

Answer:

A

Explanation:

command econmy


Brent would like to start a small landscape business this summer. He has a lawn mower, but needs a truck to
carry the lawn mower and other supplies. He has saved $5,700.
Since his uncle knows a lot about trucks, he decides to ask him for some help. His uncle recommends a few
truck models and suggests that he pay attention to how many miles the car has. His uncle reminds him that he
will need to pay for the sales tax and license for the car. Brent sets aside $800 for these expenses. He does
some research and finds the following trucks within his budget:
1996 Ford F150 2000 Toyota Tundra 1998 Chevrolet 1500
red
white
red
8 cylinder
6 cylinder
6 cylinder
automatic
manual
automatic
124,365 miles
106,675 miles
120,325 miles
$4,495
$4,899
$4,795
Brent thinks about how much he will need to pay for car insurance. He thinks that it would be a good idea to get
quotes on auto insurance for the models that he is considering. He also thinks about the truck's gas mileage and
how the truck was rated.

Answers

Answer:

I would buy the 2000 Toyota Tundra. Yes it is the most expensive, but it is the newest so it should require less expense money for problems, it is a manual transmission 6 cylinder so it should get better gas mileage, and it has fewer miles. The rankings of these trucks are not provided, however a Toyota tundra is considered to be a workhorse in the truck. If this is an opinion question, that's my choice.

Explanation:

Which is the best explanation for why organization can leadto academic success ?

Answers

Answer:

Organization. ...

Time Management. ...

Prioritization. ...

Concentration. ...

Motivation.

Explanation:

Can someone help me with my third homework question?

Answers

the answer to this question is 2 the recessions
The correct answer is 2

Which career pathways are part of the Transportation and Logistics career cluster? SELECT ALL THAT APPLY

1. Logistics Planning and Management Services

2.Facility and Mobile Equipment Maintenance

3.Interactive Media and Information Support and Services

4.Warehousing and Distribution Center Operations

5.Emergency and Fire Management Services

6.Sales and Service

7.Correction Services
Health, Safety, and Environmental Management

Answers

Answer:

1, 2, 4, 6, 7.

Explanation:

The Career Cluster of transportation and logistics creates the awareness to students regarding the career pathways which are involved in the transportation and logistics business.

Also, it includes other aspects such as:

- infrastructural planning and management,

- logistic services, and

- maintenance of mobile equipment and facilities.

Therefore, from the list given above, the career pathways are: 1, 2, 4, 6, 7.

Answer:

1, 2, 4, and 6

Explanation:

Which results are expected in a personality test but not a skills assessment?
patience, problem-solving, human relations
openness, conscientiousness, extraversion
public speaking, assessment, computer skill
computer training, technical writing, business oriented​

Answers

Answer:

The results expected in a personality test but not a skills assessment are:

openness, conscientiousness, extraversion

Explanation:

The reason behind this answer is that in the first place problem-solving is considered a skill, therefore A) option is wrong. Public speaking and assessment are skills also, therefore C) option is wrong. Also, technical writing is a skill and makes the D) option incorrect. Thus, only openness, conscientiousness, and extraversion are personality characteristics. Because they are not skills oriented to evaluate or control something.

Answer:

B

Explanation:

for those of you who don't want to read

Decide whether each situation is a checking account deposit or debit. Drag each situation to correct category.

Answers

The question is incomplete:

Decide whether each situation is a checking account deposit or debit. Drag each situation to correct category.

-banking a $100 gift check

-paying a utility bill online

-receiving an eft of wages earned

-writing a check for groceries

-taking $40 out of an atm

Answer:

-banking a $100 gift check : deposit

-paying a utility bill online : debit

-receiving an eft of wages earned : deposit

-writing a check for groceries : debit

-taking $40 out of an atm: debit

Explanation:

A checking account is a bank account in which you can deposit or withdraw money. A checking account deposit is when you transfer money into the bank account and a debit is when the money is taken out of the account. According to this, the answer is:

-banking a $100 gift check : deposit because you are adding funds to the account

-paying a utility bill online : debit because by paying the bill you decrease the amount in the account.

-receiving an eft of wages earned : deposit because this increases your balance.

-writing a check for groceries : debit because the amount paid decreases the balance of the account.

-taking $40 out of an atm: debit because this decreases the balance of the account.

Answer:

deposit:

- banking a $100 gift check

- receiving a EFT of wages earned

debit:

- paying a utility bill online

- writing a check for groceries

- taking $40 out of an ATM

Explanation:

correct on edge 2022

Willie sometimes feels uncertain that he has made the right decision when he spends money or agrees to
activities with his friends. He knows that you learned about the decision-making process and has asked you
about the process. You know that he now pays for gas so a friend will drive him to and from school. To help
him learn about the decision-making process, explain what to do for each of the six decision-making
stages to help him consider the alternatives to getting a ride every day. Stages 1, 5, and 6 are already
provided for you. (6 pts.)

Answers

Answer:

hhhh

Explanation:

Which of the following is a true statement regarding an individual or family
budget?
A) It should be kept on paper only.
B) It will not need to be changed or updated.
C) It can be created on a computer.
D) Budgets don't help with money management.

Answers

c is the correct answer
The correct answer is (c)

1. Out of 115000 students, 20% failed in SLC,40% of failers.
failed in science only and 35%in Mathematics only.
but 5%of them failed in other subjects
Then,
How many failed in boths Science and Mathematics?

Answers

Explanation:

hope this helps you..............

Answer:

the answer is attached to the picture

In what kind of situation would a silent partner be better than a partner who is very active in the business?

Answers

Answer:

If you need negotiating

Explanation:

If you need to negotiate, often times a silent partner can be better because they will not get you into more trouble or ruin your presentation with their own activeness.

Answer:

A silent partner wouldn't be better than a silent partner who is very active in the business.

Explanation:

a circular playground has a circumference of 176 feet. What is the distance from the edge of the playground to the middle of the playground?​

Answers

Answer:

The distance from the edge of the playground to the middle of the playground is approximately:

28.01 feet.

Explanation:

To solve this exercise you must know PI (3.1416 approximately) which is the result from the circumference divided in the diameter, in the next form:

PI= circumference/diameter.

How we know the circumference and the valor of PI, we can find the playground diameter:

PI= circumference/diameter.Diameter= circumference/PIDiameter= 176 feet/PIDiameter= 56.02 feet approximately.

The distance from the edge of a circle to the middle is named radio, which is the half of the diameter, then:

Radio= Diameter/2Radio= 56.02 feet/2Radio= 28.01 feet.

How you can see, 28.01 feet is the distance from the edge of the playground to the middle of the playground.

What could be a good option available to you if you are
behind on loan payments?
A financial institution may offer for you to pay a
little now and pay the rest after your next pay day.
You can ignore your payments until the financial
institution asks about them.
You can take out a payday loan.
Ask your financial institution to get out of the loan
contract.

Answers

Answer:

A financial institution may offer for you to pay a little now and pay the rest after your next pay day.

Explanation:

Loan is the amount of money lent by a financial institution to it's customers with an agreement for repayment on specified dates. The repayment would include the principal amount and the interest element which represent the gain on the loan granted.

These financial institutions often engage in loan rescheduling; meaning that another agreement will be made with the borrower on how payment will be made if already lagging in payment as agreed. The aim of loan rescheduling is to make the loan payment easy for customers who are behind on loan payments.

It therefore means that the the best option available to a person who is behind on loan payment is that the financial institution might offer the person to pay a little amount now and pay the remaining amount the next pay day.

Mia has an investment that is worth $12,000 after 4 years. If the initial investment was $8,000, what is the annual simple interest rate?

Answers

Answer: 12.5 %

Explanation:

Hi, to answer this question we have to apply the simple interest formula:  

I = p x r x t  

Where:  

I = interest (investment after interests - principal; 12000-8000=4000)

P = Principal Amount (initial invest)  

r = Interest Rate (decimal form)  

t= time  

Replacing with the values given  

4,000= 8,000 (x) 4

Solving for x :

4,000= 32,000x

4,000/ 32,000 =x

x= 0.125

Since the interest rate is in decimal form, we have to multiply it by 100 to obtain the percentage.

0.125 x 100 = 12.5 %

Feel free to ask for more if needed or if you did not understand something.  

Which of the following is FALSE about products:
a) They are tangible goods
b) They offering packaging to protect the product
c) Most are not new but are existing products with improvements
d) They are consumed at the same time they are produced

Answers

Answer: D

Explanation:

Products are not consumed at the time produced

Answer:D

Explanation:

CAN SOMEONE PLEASE HELP ME WITH MY ECONOMICS CLASS I BEEN STRUGGLING ON IT PLEASEEE HELP ME !!!!
Only answer if your serious!!!!

Answers

Answer:

can u tell me what it is and I'll help

Can someone help me with my recent question please

Answers

THE QUESTION:

You have been put in charge of the taxation of the Mars colony. You need to decide how to tax the citizens of the colony.Will you institute a progressive, regressive, or a flat tax on income? Will you institute excise taxes? If yes, what goods and services will you tax and why? Will you institute sales taxes, property taxes, or VAT on goods?

Explanation:

I am not good at these terms, but

I would not use a flat tax, as I know that it would make lot's of people's life harder, from the middle class, to lower class, that might put people in financial struggles. Instead, I would charge different taxes on people, judged on their income. That would help lot's, and would be a good deed. Also, I will also use property taxes, because most of the time, if you didn't have money to spare, you wouldn't spend it on a house, right? I might have sale taxes, which I would say depends on how much I need as a government on MaRs! :|)

______is the difference between the early start and the late start days for a given
activity in a network diagram/CPM schedule.

A backward pass

Float

Slack

Duration

Answers

Answer: A backward pass

Explanation: A backward pass in the area of project management refers to the calculation of late finish dates and late start dates for the portions of schedule activities that have not been completed.

The type of law that deals with relationships between an owner and an agent is
a
common law.
b
agency law.
criminal law.
property law.
d

Answers

Answer:

B. Agency law.

Explanation:

Hope it helps

How do you be a gym leader?

Answers

Answer:

own a pokemon gym...

Explanation:

Play pokemon a lot.

A Gym Leader is also locally called jimu Rīdā is a badge designated to tge highest-ranking member and owner of an official Pokemon Gym.

To be a gym leader own a pokemon gym.

which of the following functions of money would owning a house in a stable market be classified under?

A. medium of exchange
B. imports and exports
C. impact value
D. storing value

Answers

Answer:

medium of exchange hope this helps

what is the phrase for baseball when your playing on a small field

Answers

Answer:

T-ball field

Explanation:

Answer:

t-

ball field

Explanation: smart

3. If the government imposes a tax on the production of a good or service, what will happen to the equilibrium price
and quantity of the good?
a. Equilibrium price and quantity will both decrease
b. Equilibrium price and quantity will both increase
C. Equilibrium price will increase and equilibrium quantity will decrease
d. Equilibrium price will decrease and equilibrium quantity will increase

Answers

Answer:

The correct answer to the following question will be Option C.

Explanation:

Equilibrium price will rise while volume will indeed fall if analysts or economists find a commodity to be "natural", a rise in disposable income would result in something like a decline in demand and sale for the product.Like the demand for a strong increase, the quantity began demanding for the provided product should then be that according to the quantity needed.

Other available scenarios have no connection with the particular circumstance. So choice C seems to be the perfect solution to that.

7. One of the benefits of competition in an economy is that
competition

A. always results in higher wages.

B. results in economic security.

C. creates better and more services.

D. results in higher prices.

Answers

c. creates better and more services

When a price floor is set higher than the market price for a product, what will result?
The quantity supplied will exceed the quantity demanded.
The quantity demanded will exceed the quantity supplied.
The quantity demanded and the quantity supplied will be equal.
The quantity supplied and the quantity demanded will be unaffected.​

Answers

Answer:

C

Explanation:

me took the test

oyanty:
10. A plan for the optimal use of promotional elements such as advertising, public relations, personal selling, sales
promotion, and social media-is known as a
a. promotional strategy
b. competitive advantage
c. marketing mix
d. promotional mix

Answers

Answer:

a

Explanation:

did it on the test and I got it right

Why are public goods important

Answers

Answer:

Because it can be use by many people

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