Download - TAXES CHANGE BEHAVIOR. 1.PAY FOR THE COST OF GOVERNING WHAT ARE THE FUNCTIONS OF TAXATION?
Transcript
- Slide 1
- TAXES CHANGE BEHAVIOR
- Slide 2
- 1.PAY FOR THE COST OF GOVERNING WHAT ARE THE FUNCTIONS OF TAXATION?
- Slide 3
- 2. INFLUENCE CONSUMER AND BUSINESS SPENDING WHAT ARE THE FUNCTIONS OF TAXATION?
- Slide 4
- REDISTRIBUTE WEALTH 3. REDISTRIBUTE WEALTH WHAT ARE THE FUNCTIONS OF TAXATION?
- Slide 5
- 4. PROTECT DOMESTIC JOBS AND INDUSTRIES WHAT ARE THE FUNCTIONS OF TAXATION?
- Slide 6
- 5. ENCOURAGE POSITIVE BEHAVIOR AND DISCOURAGE NEGATIVE BEHAVIOR NEGATIVE BEHAVIOR WHAT ARE THE FUNCTIONS OF TAXATION?
- Slide 7
- INCOME TAX PAYROLL DEDUCTIONS EXCISE TAX SALES TAX CAPITAL GAINS TAX PROPERTY TAX ESTATE TAX TARIFF SURCHARGE IMPACT FEE USAGE FEE TOLLS TYPES OF TAXES
- Slide 8
- ABILITY TO PAY PRINCIPLE ABILITY TO PAY PRINCIPLE: THE MORE YOU ARE ABLE TO PAY IN TAXES THE MORE YOU SHOULD PAY BENEFITS RECEIVED PRINCIPLE BENEFITS RECEIVED PRINCIPLE: ONLY THOSE PEOPLE WHO BENEFIT FROM THE TAX MONEY RAISED SHOULD HAVE TO PAY THE TAX PRINCIPLES OF TAXATION
- Slide 9
- PROGRESSIVE PROGRESSIVE: WEALTHY TAXPAYERS PAY A GREATER PERCENTAGE THAN PEOPLE WITH MORE MODEST INCOMES. PROPORTIONAL PROPORTIONAL: EVERY TAXPAYER PAYS THE SAME PERCENTAGE REGARDLESS OF THEIR INCOME. REGRESSIVE: REGRESSIVE: EVERY TAXPAYER PAYS THE SAME AMOUNT OF TAX REGARDLESS OF THEIR INCOME. WEALTHY INDIVIDUALS PAY A SMALLER PERCENTAGE OF THEIR INCOME THAN POORER INDIVIDUALS. BURDEN OF TAXATION
- Slide 10
- MAINTAINING THE LEGAL AND SOCIAL FRAMEWORK PROVIDING PUBLIC GOODS AND SERVICES MAINTAINING COMPETITION REDISTRIBUTING INCOME CORRECTING FOR EXTERNALITIES STABILIZING THE ECONOMY THE ECONOMIC FUNCTIONS OF GOVERNMENT
- Slide 11
- MAINTAINING THE LEGAL AND SOCIAL FRAMEWORK
- Slide 12
- PROVIDING PUBLIC GOODS AND SERVICES
- Slide 13
- MAINTAINING COMPETITION
- Slide 14
- REDISTRIBUTING INCOME
- Slide 15
- CORRECTING FOR EXTERNALITIES
- Slide 16
- STABILIZING THE ECONOMY