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TAXES CHANGE BEHAVIOR
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1.PAY FOR THE COST OF GOVERNING WHAT ARE THE FUNCTIONS OF TAXATION?
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2. INFLUENCE CONSUMER AND BUSINESS SPENDING WHAT ARE THE FUNCTIONS OF TAXATION?
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REDISTRIBUTE WEALTH 3. REDISTRIBUTE WEALTH WHAT ARE THE FUNCTIONS OF TAXATION?
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4. PROTECT DOMESTIC JOBS AND INDUSTRIES WHAT ARE THE FUNCTIONS OF TAXATION?
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5. ENCOURAGE POSITIVE BEHAVIOR AND DISCOURAGE NEGATIVE BEHAVIOR NEGATIVE BEHAVIOR WHAT ARE THE FUNCTIONS OF TAXATION?
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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
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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
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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
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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
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MAINTAINING THE LEGAL AND SOCIAL FRAMEWORK
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PROVIDING PUBLIC GOODS AND SERVICES
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MAINTAINING COMPETITION
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REDISTRIBUTING INCOME
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CORRECTING FOR EXTERNALITIES
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STABILIZING THE ECONOMY
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