What Are the Advantages and Disadvantages of Taxation to an Economy?

Answer

Some advantages of taxation to an economy are providing the government with revenue and to encourage or discourage growth of some industries. Taxation helps fund programs that help the poor. Disadvantages of taxation in to an economy include discouraging business. Other disadvantages are an increase in government control and penalizing hard work.
Q&A Related to "What Are the Advantages and Disadvantages of..."
An advantage to taxation existing is in the provision of public goods. There are several goods that private industry has no incentive to provide because they normally aren't profitable
https://answers.yahoo.com/question/index?qid=20071...
When you purchase a car from a dealer, you're assessed the sales tax immediately when you take possession of the car and it's rolled into your payment plan. When you lease a car,
http://www.ehow.com/list_6803830_taxation-advantag...
limited liability because although its an advantage of incorporation, it can also be a disadvantage. It restricts the ability of a small corporation to borrow money.
http://wiki.answers.com/Q/What_would_be_an_advanta...
Mutual funds. are currently the most popular investment vehicle and provide several advantages to investors, including the following: However, there are also disadvantages of mutual
http://www.investopedia.com/ask/answers/10/mutual-...
About -  Privacy -  Careers -  Ask Blog -  Mobile -  Help -  Feedback  -  Sitemap  © 2014 Ask.com