What's it: Government revenue is money earned by the government for carrying out its activities. Taxes are the main source. In addition, the
Tax
Induced Tax: Examples, How they Work, Effects on the Economy
What's it: An induced tax is a tax in which the rate increases and decreases depending on the taxpayer's ability. So, when our income or wealth
Ability to Pay Taxation: Meaning, Examples, Pros, and Cons
What's it: Ability to pay taxation is a taxation principle that says taxes should be per the taxpayer's ability level. That is the main
Laffer Curve: Meaning, How it Works, Tax Rate Policies
What's it: Laffer curve is a graphical representation of the relationship between the tax rate and total government tax revenue. The curve takes its