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


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..."
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