![]() ![]() In contrast, vertical equity states that people with a higher ability to pay should be paying more in taxes. What about if Rick had to pay a lot in hospital bills due to sickness? While Rick and Bianca still earn $70,000 a year, it doesn't seem as equitable anymore, given that Rick will be paying a lot more in hospital bills. Horizontal equity becomes difficult to implement when we think about other factors. Measuring Domestic Output and National Incomeįor example, if Rick and Bianca both make $70,000 a year, then they should pay the same amount in taxes.Sources of Revenue for State Government.Sources of Revenue for Local Government.Monetary Policy Actions in the Short run. ![]() Long-Run Consequences of Stabilization Policies.Expansionary and Contractionary Fiscal Policy.Factors Influencing Foreign Exchange Market.Comparative Advantage vs Absolute Advantage.Expansionary and Contractionary Monetary Policy.Equilibrium in the Loanable Funds Market. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |