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Results tagged with taxation
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user 6023
Refers to compulsory or coercive money collection by a levying authority, usually a government. The term "taxation" applies to all types of involuntary levies, from income to capital gains to estate taxes. Though taxation can be a noun or verb, it is usually referred to as an act; the resulting revenue is usually called "taxes."
7
votes
Accepted
Are sales taxes regressive?
But the goal of definition of different class of taxation is to assess the impact on person being taxed. Without considering income the above definition becomes moot. … Some taxation system are subject to the requirement that the system as a whole should be progressive, I.e the total tax burden should increase with income. …
- 718
6
votes
3
answers
525
views
What are the arguments against a zero corporate tax? [duplicate]
I've read a title in the news proposing a zero corporate tax. Thinking about it I couldn't figure a good reason against.
Why couldn't a country just set the corporate tax rate for firms to zero and …
- 718
2
votes
2
answers
66
views
Why is a cash expense deducted but an expense in-kind not?
Say I am self employed and want a website for my business.
If I pay someone for the service I can, in most cases, deduct this from my profit to reduce my tax burden.
If I forego billable hours or I wo …
- 718