Timeline for Is money we make completely taken away by taxes?
Current License: CC BY-SA 4.0
7 events
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| S Feb 27, 2023 at 6:51 | history | suggested | CommunityBot | CC BY-SA 4.0 |
Remove code formatting
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| Feb 26, 2023 at 0:42 | review | Suggested edits | |||
| S Feb 27, 2023 at 6:51 | |||||
| Feb 24, 2023 at 17:45 | history | edited | kaushalpranav | CC BY-SA 4.0 |
added 648 characters in body
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| Feb 24, 2023 at 13:37 | comment | added | James Martin | @TamilaAmbeon And aren't you leaving out the step where the government in turn passes on the money to someone else? So the money continues to circulate. This way the government actually receives more than "the entire $\$1$" because it can receive "the same money" over and over again. Based on some hypothetical initial $\$1$, the government can receive an arbitrarily large sum of tax from it, not just $\$1$. And lots of other people also receive this money along the way. | |
| Feb 24, 2023 at 3:15 | comment | added | Tamila Ambeon | Of course I dont pay tax again. But I will buy something from you for this 0.9, and it will be your income, so then you will pay tax on this money, and you will have 0.81 left, and everything will be as in the table. In the end, after all the exchanges, the government will receive the entire 1$ anyway | |
| S Feb 24, 2023 at 2:58 | review | First answers | |||
| Feb 24, 2023 at 17:22 | |||||
| S Feb 24, 2023 at 2:58 | history | answered | kaushalpranav | CC BY-SA 4.0 |