Principles and Problems of Modern Economics |
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Page 255
... tax rate . Taxes on commodities tend to be regressive , they fall more heavily on lower income groups , if for no other reason than the simple one that the higher income groups have a lower marginal propensity to consume . A tax that ...
... tax rate . Taxes on commodities tend to be regressive , they fall more heavily on lower income groups , if for no other reason than the simple one that the higher income groups have a lower marginal propensity to consume . A tax that ...
Page 256
... taxes 805 68 873 Corporation income taxes 687 7 694 Sales and gross receipts taxes 5,270 551 5,821 Property taxes 346 7,580 7,926 Other taxes 1,827 413 2,240 Total 8,934 8,621 17,555 * Source : Economic Almanac , 1953 , p . 546 . to the ...
... taxes 805 68 873 Corporation income taxes 687 7 694 Sales and gross receipts taxes 5,270 551 5,821 Property taxes 346 7,580 7,926 Other taxes 1,827 413 2,240 Total 8,934 8,621 17,555 * Source : Economic Almanac , 1953 , p . 546 . to the ...
Page 257
... taxes . Some have resorted to some kinds of in- come taxes ; Philadelphia , for example , has a 1.5 percent tax on all pay- rolls , New York City has a 3 percent sales tax . City governments also receive revenue from business license ...
... taxes . Some have resorted to some kinds of in- come taxes ; Philadelphia , for example , has a 1.5 percent tax on all pay- rolls , New York City has a 3 percent sales tax . City governments also receive revenue from business license ...
Contents
The Development of Modern Economic Problems | 23 |
Economic | 39 |
A Simple Model of the Economy | 53 |
Copyright | |
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Adam Smith agricultural amount areas assets average bank become billion capital commodity consumer consumption corporation cost curve cycle debt demand curve depression diagram discussion dollar economists economy effect efficiency elasticity enterprise equal equilibrium example expenditures exports factor factors of production farmers Federal Reserve Figure firm full employment gold higher important increase indifference curve individual industry inelastic inflation interest rate investment labor large number less manufacturing marginal cost marginal product marginal revenue means ment mercantilists merely monetary monopolistic competition multiplier national income operations organized output payments percent problem profits purchase pure competition quantity ratio real income reduce rent reserve ratios result saving schedule sell situation slope social spending sumer supply and demand supply curve surplus tariff taxes tend theory tion trade union United wages workers