Corporate Income
Fiscal Stimulus should Continue in 2010
Chrysargyron
Capital Levy
Disposal Tax Effect
Income Redistribution
Optimal Tax Theory
Tax Deferral
Tobin Tax
Marginal Tax Rate
Dividend Stripping
Wealth redistribution
Fiscal Policy
Expenditure Cascades
Economic Inequality
Deficit Spending
World Income
Transfer Tax
Taxation Ethics
Tax Purposes
Tax Burden
Retirement Tax
Regressive Taxation
Proportional Taxation
Passive Income
Income Splitting
Dividend Tax
Consumption Tax
Corporate Tax
Excise Tax
Green Tax
Poll tax
Value Added Tax
Tax History
Tax Deduction
Progressive Taxation
Taxation Canons
The profits that are being made by the various different companies and associations are known as their corporate income. There are some taxes that are being imposed on the corporate income. And these taxes are being levied...
World Bank chief declared that Governments should continue the fiscal stimulus in to 2010. It is necessary to maintain the fiscal stimulus to combat recession. To analyze how the maintaining of fiscal stimulus would be...
The term Chrysargyron originates from the Greek words for silver (αργυρος), and gold (χρυσος) and can also be termed as collation lustralis, or chrysargyrum. Chrysargyron dates back to 325 in the Eastern Roman...
Overview Description A capital levy is a form of taxation applied by the government wherein it takes part of the capital of any business or person, as distinguished from a business or personal income. In other words, it is...
Descriptive Overview Disposal tax effect as a finance phrase, traces its origin from engineering economics whereby it can be depicted as a situation of tax savings or additional taxes ensuing from disposing off the last item...
Income redistribution refers to transfer of income, wealth or property from some individuals to others. There are many arguments that support the redistribution of income. The most important arguments are as follows: First...
Overview Description Optimal tax theory is a study with an aim of finding the best ways to design or plan a tax to avoid inefficiency and economic distortion. The study encompasses such questions as to whether a jurisdiction...
Definition Tax deferral is the payment of taxes in the future for earnings in the current year. It is an instance where taxpayers can holdup paying taxes to some future time. Theoretically, net tax paid ought to be equal...
Overview A Tobin tax is an excise tax suggested on currency trade across borders with an aim of putting a penalty on short-term currency speculation, taming the volatility of the currency market and restoring back the national...
Description Whereas an average tax rate is the total payable tax as a percentage of the total income earned, marginal tax rate is the tax rate on the last dollar of the income earned – the tax paid on any additional dollar...
Overview Dividend stripping is the process of buying shares just before a dividend is paid and selling off the shares in question after the payment when the shares go back to normal (ex-dividend). Dividend stripping is done...
Over half a century ago, one man wrote that “all men (in this case human beings) are equal, but some are more equal than others”. Some individuals are allowed to amass great wealth, others take comfort in unevenness and...
Overview In simple terms, fiscal policies are government spending and income collection policies that influence the interest rates, tax rates in an effort to control the economy. Fiscal policy acts in contrast with monetary...
Overview An economy is said to be an expenditure cascade in instances when the fast and speedy income growth among the top earners, or the rich individuals in the society, fuels the additional spending by the poor or low...
Definition of economic inequality Economic inequality entails all discrepancies in the distribution of income and all economic assets in a society. It may refer to disparities among groups or/and individuals in a particular...
Overview Deficit spending can also be termed as ‘budget deficit’ or simply ‘deficit’. It is the amount by which a government’ spending exceeds its collected revenue over a given period of time. It is not limited...
World income distribution In economics, the most weighty and profound questions is why some countries in the world are rich while others are poor; why some country’s income is higher than the others. Economists have over...
What is the description of transfer tax? It is simply an amount paid when an individual or entity is passing property to another individual or entity whereby the amount of tax paid depends entirely on the fair market value...
What is taxation? Before shedding light on the taxation ethics, it is imperative to first know what taxation is. To tax, in simple terms is to impose a monetary charge or other levies on an individual or a legal entity where...
The Four “R”s Basically, taxation has four main purposes also identified as tax effects. They are: Revenue, Redistribution, Repricing and Representation. Revenue The main tax purpose is revenue. Tax revenue...
Economics define tax incidence as the study and analysis of the outcomes of a specific tax on the sharing of economic interests and welfare. It is believed that tax incidence falls on the category that it will ultimately...
Retirement taxes, as the name suggests is tax levied on the amount retired individuals are paid. In a number of countries which have social security systems, they provide retired citizens with an income thus they fund the...
Any tax system, be it an income or consumption tax system features its relationship to the percentage of tax burden. A regressive taxation is whereby the effective tax rate decreases as the amount subject to taxation increases....
Debatably, the most important element of tax systems is the overall percentage of tax burden as it relates to the type of system, be it consumption or income. It makes it therefore important to analyze and describe the distribution...
There are three main types of income; Passive, Active and Portfolio income. Passive income is a rent, income, or earning received by an individual on a recurring regular basis with little effort from the individual required...
Definition of Income Splitting In a jurisdiction that utilizes progressive taxation, income splitting is a method by which a family’s income tax is reduced. It is the act of distributing income amongst family members instead...
In general simple terms, dividend tax is an income tax imposed on the dividends paid to stockholders. Dividends on the other side are payments made by a company to its stockholders; it is the portion of profit shared out...
A Consumption Tax is levied on the amount spent on services and goods. It is based on consumption. It is normally an indirect tax like value added tax or sales tax. Although it can be levied as a type of personal direct taxation...
Corporate tax is also known as the Corporation tax, and it is a tax which is levied on the profits made by a corporation or a company or an association, by various governing jurisdictions. The tax is levied on the value placed...
Excise Tax is a tax on the production or sale of any goods. It is also called Excise Duty sometimes and, unlike customs duties which are charged on goods which come from outside the country, is primarily charged on goods...
Whether or not one sees global warming as a phenomenon caused by immoderate pollution from human activity, it is hard to disagree with the suggestion that environmental pollution is affecting the quality of life and general...
A poll tax, also known as a capitation tax or head tax, is basically a fixed amount which is levied as tax on an individual according to the census, as against a tax on income. Poll taxes used to be sources of revenue for...
Value Added Tax (VAT), also known as a Goods and Services Tax (GST), is basically a consumption tax which is levied on the value added to a product. Unlike a sales tax which is levied on the total value at each stage of the...
The system of taxation has been a part of governance for centuries. According to the records found so far, the society in Ancient Egypt was the first society to adopt the system of taxation. It is widely believed that in...
Taxation, in itself is a complex system. It is a necessary and a mandatory procedure which involves the payment of taxes to the government. A tax deduction represents an expense incurred by a taxpayer. A tax deduction or...
Progressive tax is a form of type which increases as the taxable income increases. In many cases, the term is usually used to refer to personal income taxes where the more one earns in disposable income, the higher the percentage...
Taxation is compulsory payment to the state by companies and individuals. These government-imposed taxes help to raise revenue that is used to cover administration, maintenance of law and order, defense, housing, education,...


