No politicking, just economics. Would simply taxing all goods and services work better than the American system of taxation? Akin to sales tax.

No politicking, just economics. Would simply taxing all goods and services work better than the American system of taxation? Akin to sales tax.
by

1 Answer

Answer :

I think, and have for awhile, taxing individuals is messy and inefficient. Taxing all goods and services is even more messy and inefficient. If I had to redo from scratch, I’d perhaps only tax corporations, inheritances, and capital gains as a way to simplify everything.
by

Related questions

Contingent fees charged by CPAs engaged in tax practice are permitted under the rules of professional conduct because: a. This practice establishes fees which are commensurate with the value of the services. b. Attorneys in tax practice customarily set contingent fees. c. Determination by taxing authorities are a matter of judicial proceedings which do not involve third parties. d. The consequences are based upon findings of judicial proceedings or the findings of tax authorities

Description : Contingent fees charged by CPAs engaged in tax practice are permitted under the rules of professional conduct because: a. This practice establishes fees which are commensurate with the value of ... . The consequences are based upon findings of judicial proceedings or the findings of tax authorities

Last Answer : The consequences are based upon findings of judicial proceedings or the findings of tax authorities

Which of the following does not constitute a practice of accountancy? a. A person holding out himself as one skilled in the knowledge, science and practice of accounting and as a qualified person to render professional services as a CPA to more than one clienb. A person representing his/her employer before government agencies on tax arid other accounting related matters. c. A person in educational institution teaching accounting, auditing, business law, taxation or other technically related subjects. d. A person is appointed as a marketing director of a government owned and controlled corporation.t

Description : Which of the following does not constitute a practice of accountancy? a. A person holding out himself as one skilled in the knowledge, science and practice of accounting and as a qualified person ... d. A person is appointed as a marketing director of a government owned and controlled corporation.

Last Answer : A person is appointed as a marketing director of a government owned and controlled corporation.

The term receiving accountant includes the following, except; a. A professional accountant in public practice to whom existing accountant has referred tax engagement. b. A professional accountant in public practice to whom the client of the existing accountant has referred audit engagement. c. A professional accountant in public practice who is consulted in order to meet the needs of the client. d. A professional accountant in public practice currently holding an audit appointment or carrying out accounting, taxation, consulting or similar professional services for a client.

Description : The term receiving accountant includes the following, except; a. A professional accountant in public practice to whom existing accountant has referred tax engagement. b. A professional accountant ... or carrying out accounting, taxation, consulting or similar professional services for a client.

Last Answer : A professional accountant in public practice currently holding an audit appointment or carrying out accounting, taxation, consulting or similar professional services for a client.

Can anyone explain sales tax in Colorado?

Description : Can anyone explain sales tax in Colorado?

Last Answer : answer:According to Colorado's government website: The City and County of Denver has a general sales tax of 3.62%, a 4.0% sales tax on food and liquor for immediate consumption, and a 7.25% sales tax ... with sales and use tax of .1%, and the Football Stadium District with a .1% sales and use tax.

The main emphasis of Keynesian economics is on - (1) Expenditure (2) Exchange (3) Foreign trade (4) Taxation

Description : The main emphasis of Keynesian economics is on - (1) Expenditure (2) Exchange (3) Foreign trade (4) Taxation

Last Answer : (1) Expenditure Explanation: Keynesian Economics is an economic theory of total spending in the economy and its effects on output and inflation. It emphasizes that government expenditures (or tax cuts) leads to increase in GDP which is a multiple of the original expenditure.

The main emphasis of Keynesian economics is on (1) Expenditure (2) Exchange (3) Foreign trade (4) Taxation

Description : The main emphasis of Keynesian economics is on (1) Expenditure (2) Exchange (3) Foreign trade (4) Taxation

Last Answer : Expenditure

Could someone explain very simply what negative interest rates are?

Description : Could someone explain very simply what negative interest rates are?

Last Answer : answer:Normally, when you have a savings account, interest causes your balance to increase over time. Negative interest means your balance decreases. So, negative interest applied to normal people means that ... to borrow money. Of course, that would never be applied to normal people taking loans.

Which of the following services is not within the area of public accounting? a. Attest function b. Taxation service c. Write-up work for one client d. Management advisory services

Description : Which of the following services is not within the area of public accounting? a. Attest function b. Taxation service c. Write-up work for one client d. Management advisory services

Last Answer : Write-up work for one client

A tariff is: A. Restriction on the number of export firms B. Limit on the amount of imported goods C. Taxation on imports D. (b) and (c) as mentioned above

Description : A tariff is: A. Restriction on the number of export firms B. Limit on the amount of imported goods C. Taxation on imports D. (b) and (c) as mentioned above

Last Answer : Taxation on iTaxation on importsmports

Is progressive taxation really a transfer of wealth, or do the wealthy remain wealthy even with a progressive tax system?

Description : Is progressive taxation really a transfer of wealth, or do the wealthy remain wealthy even with a progressive tax system?

Last Answer : The wealthy remain wealthy.

)The government set up a committee headed by the Chairman, Central Board of Direct Taxes some time back to go into - (1) codification of tax laws (2) the entire structure of tax laws including the question of imposition of bank tax (3) the concerns of the foreign investors in India with regard to taxation matters (4) aspects of generation of black money, its transfer abroad and bringing back such money into India's legitimate financial system

Description : )The government set up a committee headed by the Chairman, Central Board of Direct Taxes some time back to go into - (1) codification of tax laws (2) the entire structure of tax ... generation of black money, its transfer abroad and bringing back such money into India's legitimate financial system

Last Answer : (4) aspects of generation of black money, its transfer abroad and bringing back such money into India's legitimate financial system Explanation: The Central Board of Direct Taxes (CBDT) ... steps to prevent generation of illicit funds through transactions in property, bullion and equity market.

The government set up a committee headed by the Chairman, Central Board of Direct Taxes some time back to go into – (1) codification of tax laws (2) the entire structure of tax laws including the question of imposition of bank tax (3) the concerns of the foreign investors in India with regard to taxation matters (4) aspects of generation of black money, its transfer abroad and bringing back such money into India’s legitimate financial system

Description : The government set up a committee headed by the Chairman, Central Board of Direct Taxes some time back to go into - (1) codification of tax laws (2) the entire structure of tax ... generation of black money, its transfer abroad and bringing back such money into India's legitimate financial system

Last Answer : aspects of generation of black money, its transfer abroad and bringing back such money into India’s legitimate financial system

Explain the four requirements for production of goods and services. Explain the importance of any one. -Economics 9th

Description : Explain the four requirements for production of goods and services. Explain the importance of any one. -Economics 9th

Last Answer : The four requirements of production of goods and services are land, labor, physical capital and human capital. 1) Land - Land is the physical place where all the economic activity takes ... other requirements like land, labor and physical capital to start the production of goods and services.

In economics all goods and services that exist must be made by whcih of the following?

Description : In economics all goods and services that exist must be made by whcih of the following?

Last Answer : Need answer

Which terns is used in economics for the market value of all goods and services in one year by labour and properly supplied by the residents of the country? (1) GDP (2) GPN (3) OMP (4) GNP

Description : Which terns is used in economics for the market value of all goods and services in one year by labour and properly supplied by the residents of the country? (1) GDP (2) GPN (3) OMP (4) GNP

Last Answer : (4) GNP Explanation: Gross National Product (GNP) is defined as "the market value of all goods and services produced in one year by labour and property supplied by the residents of a country. It is ... ), defined as "the value of all final goods and services produced in a country in I year."

'Gresham's Law' in Economics relates to (1) supply and demand (2) circulation of currency (3) consumption of supply (4) distribution of goods and services

Description : 'Gresham's Law' in Economics relates to (1) supply and demand (2) circulation of currency (3) consumption of supply (4) distribution of goods and services

Last Answer : (2) circulation of currency Explanation: Gresham's law is an economic principle that states: "When a government compulsorily overvalues one type of money and undervalues another, the undervalued money will leave ... will flood into circulation." It is commonly stated as: "Bad money drives out good."

1) Which among the following could be said to be an 'Open Economy'?a) A nation that follows the doctrine of Free-market and Laissez-faire economics b) A nation that trades with other nations in goods and services and financial assets c) An economy that operates without government intervention d) None of the above

Description : 1) Which among the following could be said to be an 'Open Economy'? a) A nation that follows the doctrine of Free-market and Laissez-faire economics b) A nation that trades with other ... services and financial assets c) An economy that operates without government intervention d) None of the above

Last Answer : : b) A nation that trades with other nations in goods and services and financial assets

Which term is used in economics for the market value of all goods and services in one year by labour and properly supplied by the residents of the country? (1) GDP (2) GPN (3) OMP (4) GNP

Description : Which term is used in economics for the market value of all goods and services in one year by labour and properly supplied by the residents of the country? (1) GDP (2) GPN (3) OMP (4) GNP

Last Answer : GNP

At aircraft taxing speed at 10mph the antiskid braking system is

Description : At aircraft taxing speed at 10mph the antiskid braking system is

Last Answer : A. inoperative

What movie/documentary can I watch to help me understand the current situation of US and/or world economics?

Description : What movie/documentary can I watch to help me understand the current situation of US and/or world economics?

Last Answer : Waiting for Superman.

Under progressive taxation, the real value of tax on a given level of real income : (a) decreases under inflation (b) rises under depression (c) rises under inflation (d) remains unchanged under inflation

Description : Under progressive taxation, the real value of tax on a given level of real income : (a) decreases under inflation (b) rises under depression (c) rises under inflation (d) remains unchanged under inflation

Last Answer : (c) rises under inflation

The final resting place of a tax is called (a) impact of taxation (b) incidence of taxation (c) effect of taxation (d) shifting of taxation

Description : The final resting place of a tax is called (a) impact of taxation (b) incidence of taxation (c) effect of taxation (d) shifting of taxation

Last Answer : b) incidence of taxation

What do you do to prepare to attempt to do an intellectually taxing task?

Description : What do you do to prepare to attempt to do an intellectually taxing task?

Last Answer : Lots of research. Time to just think about it. Quiet room. Set aside good amount of time. Work in sprints of 20–30 minutes. 10-minute breaks.

What happens when we start taxing job stealing robots?

Description : What happens when we start taxing job stealing robots?

Last Answer : Robots won't be hired. They'll be purchased, leased, or assembled in your garage from your 3D printer. They won't be stealing jobs. Stealing requires intention. Hammers don't steal jobs from rocks. ... the industry. Taxes will be paid by those who purchase, lease, and assemble them. Er'body wins.

A book packet posted in excess of prescribed size and weight a) Should be returned to the sender b) Should be delivered to the address c) Should be forwarded to the office of delivery after taxing d) Should be forwarded to the foffice of delivery without taxing

Description : A book packet posted in excess of prescribed size and weight a) Should be returned to the sender b) Should be delivered to the address c) Should be forwarded to the office of delivery after taxing d) Should be forwarded to the foffice of delivery without taxing

Last Answer : a) Should be returned to the sender

Mark correct option a) The resetting of the credit meter of the franking machine will be done at the POb) Cut out labels with frank impression on them for prepayment of postage cannotbe used for insured articlesc) The 2nd class articles treated as 1st class mail in sorting are Greetins/ Regd Newspapers/ Wedding invitationsd) The duty of taxing postage on foreign articles rest entirely with the office of foreign exchange of the country of postinge) All the above

Description : Mark correct option a) The resetting of the credit meter of the franking machine will be done at the PO b) Cut out labels with frank impression on them for prepayment of postage cannot be used ... articles rest entirely with the office of foreign exchange of the country of posting e) All the above

Last Answer : e) All the above

Existing accountant, as defined in the Code of Ethics, means a. A professional accountant employed in industry, commerce, the public sector or education. b. Those persons who hold a valid certificate issued by the Board of Accountancy. c. A professional accountant in public practice currently holding an audit appointment or carrying out accounting, taxation, consulting or similar professional services for a client. d. A sole proprietor, or each partner or person occupying a position similar to that of a partner and each staff in a practice providing professional services

Description : Existing accountant, as defined in the Code of Ethics, means a. A professional accountant employed in industry, commerce, the public sector or education. b. Those persons who hold a valid ... a position similar to that of a partner and each staff in a practice providing professional services

Last Answer : A professional accountant in public practice currently holding an audit appointment or carrying out accounting, taxation, consulting or similar professional services for a client.

Which of the following is the tax calculated on the sales value of the goods ? 1. Custom tax 2. Excise duty 3. Invention cost 4. Reimbursement Duty 5. Ad valorem tax

Description : Which of the following is the tax calculated on the sales value of the goods ? 1. Custom tax 2. Excise duty 3. Invention cost 4. Reimbursement Duty 5. Ad valorem tax

Last Answer : Ad valorem tax

Which tools of the promotional mix is defined as any paid form of nonpersonal presentation and promotion of ideas, goods, or services by an identified sponsor? A. advertising B. public relations C. direct marketing D. sales promotion

Description : Which tools of the promotional mix is defined as any paid form of nonpersonal presentation and promotion of ideas, goods, or services by an identified sponsor? A. advertising B. public relations C. direct marketing D. sales promotion

Last Answer : A. advertising

Which tool of the promotional mix is defined as any paid form of non-personal presentation and promotion of ideas, goods, or services by an identified sponsor? A. Advertising B. Public relations C. Direct marketing D. Sales promotion

Description : Which tool of the promotional mix is defined as any paid form of non-personal presentation and promotion of ideas, goods, or services by an identified sponsor? A. Advertising B. Public relations C. Direct marketing D. Sales promotion

Last Answer : A. Advertising

Life as you have experienced it would be akin to a soda cracker, a drain, a Red Bull, or cherry pie?

Description : Life as you have experienced it would be akin to a soda cracker, a drain, a Red Bull, or cherry pie?

Last Answer : It’ just a ride man. And like all rides, some want to get off before the end, and some want to ride again and again.

A sentient machine, or automatons, is destroying one akin to murder?

Description : A sentient machine, or automatons, is destroying one akin to murder?

Last Answer : The sci-fi geek in me says it’s murder! The realistic side of me… maybe not. I’m conflicted. That’s kind of a deep question… I’ll give you a wimpy no for now but maybe someone else will convince me otherwise?

Why hasn't the media felt the need to provide false balance on the Akin statement like it does with other counter-factual scientific claims?

Description : Why hasn't the media felt the need to provide false balance on the Akin statement like it does with other counter-factual scientific claims?

Last Answer : It’s probably difficult to find a scientist or doctor who is willing to jeopardize their entire career and life’s work to support something as idiotic as Akin’s statement.

Why do you think Conservatives imagine themselves akin to the founders?

Description : Why do you think Conservatives imagine themselves akin to the founders?

Last Answer : Maybe because their ideals are based on the original ideals of the founders, whether or not modern conservatism reflects the roots.

Should high schools have something akin to relationship 101 class?

Description : Should high schools have something akin to relationship 101 class?

Last Answer : I don’t know about high schools but I totally need that class.

Are inappropriate comments from father to daughter akin to emotional rape?

Description : Are inappropriate comments from father to daughter akin to emotional rape?

Last Answer : answer:Odd, but words are just words. Ignore it. Not worth the argument. But move out as soon as you turn 18.

I want a facebook reverse block, akin to google mail goggles. anybody know if one could make an app with such functionality?

Description : I want a facebook reverse block, akin to google mail goggles. anybody know if one could make an app with such functionality?

Last Answer : If there stuff is showing up on your news feed, You can run your cursor to the top left corner of whatever they have posted and press hide, then proceed to hide anything they’re doing from showing up on your news feed

Are you more akin to being like Batman, The Lone Ranger, and Sherlock Holmes… or do you play the supportive roll of Robin, Tonto and Watson?

Description : Are you more akin to being like Batman, The Lone Ranger, and Sherlock Holmes… or do you play the supportive roll of Robin, Tonto and Watson?

Last Answer : Tonto is a fool—until he says, “What you mean ‘we’, paleface?”

The first indian ruler to be shown in images as wearing a dress akin to trousers is?

Description : The first indian ruler to be shown in images as wearing a dress akin to trousers is?

Last Answer : Kanishka

The tax which is levied on goods or services produced or purchased.

Description : The tax which is levied on goods or services produced or purchased.

Last Answer : Ans. Indirect tax

What is Integrated Goods and Services Tax? (A) Tax on international trade (B) Tax imposed on interstate trade (C) Tax imposed on value additions to exports (D) Tax imposed on imported goods and services

Description : What is Integrated Goods and Services Tax? (A) Tax on international trade (B) Tax imposed on interstate trade (C) Tax imposed on value additions to exports (D) Tax imposed on imported goods and services

Last Answer : (B) Tax imposed on interstate trade

GST is a ................... based tax on consumption of goods and services. (A) Origin (B) Destiny (C) Development (D) Destination

Description : GST is a ................... based tax on consumption of goods and services. (A) Origin (B) Destiny (C) Development (D) Destination

Last Answer : (D) Destination

What kind of Tax is GST? (A) Direct Tax (B) Indirect Tax (C) Depends on the type of goods and services (D) None of the above

Description : What kind of Tax is GST? (A) Direct Tax (B) Indirect Tax (C) Depends on the type of goods and services (D) None of the above

Last Answer : (B) Indirect Tax

What kind of Tax is GST? (A) Direct Tax (B) Indirect Tax (C) Depends on the type of goods and services (D) None of the above What kind of Tax is GST? (A) Direct Tax (B) Indirect Tax (C) Depends on the type of goods and services (D) None of the above

Description : What kind of Tax is GST? (A) Direct Tax (B) Indirect Tax (C) Depends on the type of goods and services (D) None of the above

Last Answer : (B) Indirect Tax

What is Integrated Goods and Services Tax? (A) Tax imposed on imported goods and services (B) Tax imposed on value additions to exports (C) Tax imposed on interstate trade (D) Tax on international trade

Description : What is Integrated Goods and Services Tax? (A) Tax imposed on imported goods and services (B) Tax imposed on value additions to exports (C) Tax imposed on interstate trade (D) Tax on international trade

Last Answer : (C) Tax imposed on interstate trade

The concept of Goods and Services Tax (GST) is originated in– (A) Canada (B) USA (C) Britain (D) Germany

Description : The concept of Goods and Services Tax (GST) is originated in– (A) Canada (B) USA (C) Britain (D) Germany

Last Answer : (A) Canada

Banking services provided to Special Economic Zones(SEZ) units have been exempted from _________ A. Sales Tax B. Securities Transaction Tax – STT. C. Central Excise Duty D. Service Tax E. None of the Above

Description : Banking services provided to Special Economic Zones(SEZ) units have been exempted from _________ A. Sales Tax B. Securities Transaction Tax – STT. C. Central Excise Duty D. Service Tax E. None of the Above

Last Answer : D. Service Tax Explanation: Banking services offered to units set up in special economic zones have been exempted from paying service tax.

Does having money, after a poor life, make you a better person or just the opposite?

Description : Does having money, after a poor life, make you a better person or just the opposite?

Last Answer : answer:Going to be the same person. With money. That person not knowing how to deal with the new found wealth. Or they think they do. THAT always gets them into trouble.

A goods can be considered a normal goods in economics if increase in disposal income of the consumer causes (a) An increase in demand ; (b) No change in demand ; (c) Decrease in demand ; (d) Less than proportionate change in demand

Description : A goods can be considered a normal goods in economics if increase in disposal income of the consumer causes (a) An increase in demand ; (b) No change in demand ; (c) Decrease in demand ; (d) Less than proportionate change in demand

Last Answer : (a) An increase in demand ;