1. TAXATION •History of Taxation•importance of taxation to thetaxpayers and to the government•Kinds and Characteristics of Taxes•Taxation System in the Philippines…

1. In your notes: Page 416-417 • Graph our orenz curve • A problem? • Compare to page 418 2. Short Quiz1. Which country has a more equal distribution of wealth? 2.…

1. 1. What are the three basic economic impacts of taxes?a. Resource allocation – Economic resources such as land, capital, labor, andentrepreneurship either switch industries…

Slide 1 CH 16, pp. 446 to 462 “Death and Taxes” Slide 2 Tax return A declaration of a person’s or business’s income for a given year – Jan. 1 to December 31. Filed…

Slide 1Chapter Nine – Sources of Government Revenue Slide 2 Section One – The Economics of Taxation I.Economic Impact of Taxes i. Total tax revenue even when adjusted…

www.NationalAgLawCenter.org www.NationalAgLawCenter.org Agricultural Estate Planning Rusty Rumley Staff Attorney, National Ag Law Center 479-575-7646 ⢠[email protected]…

Fiscal Policy How are taxes collected âPay-as-you-earnâ Taxable income: income on which you can be taxed Personal exemptions and deductions subtracted from gross income…