Merits.
• It brings about equality of sacrifice amongst taxpayers.
• By means of progression, inequalities of income and wealth distribution are reduced.
• It is economical because the cost of collection does not increase with the increase of rate of tax.
• It is more equitable because the more you earn is the more you are taxed.
• It is productive as it yields more money than it would be under proportional tax.
skilled writter answered the question on May 3, 2018 at 17:31
- State five advantages and five disadvantages of indirect taxes.(Solved)
State five advantages and five disadvantages of indirect taxes.
Date posted: May 3, 2018. Answers (1)
- Outline the advantages and disadvantages of direct taxes.(Solved)
Outline the advantages and disadvantages of direct taxes.
Date posted: May 3, 2018. Answers (1)
- Describe the classifications of taxes(Solved)
Describe the classifications of taxes
Date posted: May 3, 2018. Answers (1)
- Describe three classifications of public expenditure.(Solved)
Describe three classifications of public expenditure.
Date posted: May 3, 2018. Answers (1)
- What is public expenditure?(Solved)
What is public expenditure?
Date posted: May 3, 2018. Answers (1)
- Outline the objectives of fiscal policy.(Solved)
Outline the objectives of fiscal policy.
• To achieve a desirable employment levels.
• To achieve a desirable price level in the economy
• To achieve a desirable level of consumption.
• To achieve the desirable income distribution.
Date posted: May 3, 2018. Answers (1)
- Describe three fiscal options that can be used by the government to solve the problems of diminished output.(Solved)
Describe three fiscal options that can be used by the government to solve the problems of diminished output.
Date posted: May 3, 2018. Answers (1)
- State objectives of budgetary policies.(Solved)
State objectives of budgetary policies.
Date posted: May 3, 2018. Answers (1)
- Outline the three types of budgets(Solved)
Outline the three types of budgets
Date posted: May 3, 2018. Answers (1)
- Describe six principles of taxation(Solved)
Describe six principles of taxation
Date posted: May 3, 2018. Answers (1)
- Describe the various types of cost in manufacturing accounts.(Solved)
Describe the various types of cost in manufacturing accounts.
Date posted: May 3, 2018. Answers (1)
- State five limitations of using ratios.(Solved)
State five limitations of using ratios.
Date posted: May 3, 2018. Answers (1)
- Explain factors that makes it difficult for Kenyans to purchase houses through building societies(Solved)
Explain factors that makes it difficult for Kenyans to purchase houses through building societies.
Date posted: May 2, 2018. Answers (1)
- QUESTION: Describe the theories that have embraced entrepreneurship culture. (10 Marks)
(Solved)
COURSE CODE: BBM 208
COURSE TITLE: ENTREPRENEURSHIP THEORY AND CONCEPTS.
Second year second semester.
Date posted: May 1, 2018. Answers (1)
- Give four advantages of buying goods on hire purchase(Solved)
Give four advantages of buying goods on hire purchase.
Date posted: May 1, 2018. Answers (1)
- Differentiate giving examples between human wants and needs(Solved)
Differentiate giving examples between human wants and needs.
Date posted: May 1, 2018. Answers (1)
- Explain four methods for exchange control applied by the government.(Solved)
Explain four methods for exchange control applied by the government.
Date posted: May 1, 2018. Answers (1)
- Outline the objectives of exchange control(Solved)
Outline the objectives of exchange control
Date posted: May 1, 2018. Answers (1)
- Explain five factors leading to fluctuations of foreign exchange.(Solved)
Explain five factors leading to fluctuations of foreign exchange.
Date posted: May 1, 2018. Answers (1)
- Distinguish between nominal interest rate and real interest rate.(Solved)
Distinguish between nominal interest rate and real interest rate.
Date posted: May 1, 2018. Answers (1)