A report on Tax and Free market

Total revenue from direct and indirect taxes given as share of GDP in 2017
A diagram showing the "effects of price freedom"
Pieter Brueghel the Younger, The tax collector's office, 1640
Substitution effect and income effect with a taxation on y good.
Budget's constraint shift after an introduction of a lump sum tax or a general tax on consumption or a proportional income tax.
The Laffer curve. In this case, the critical point is at a tax rate of 70%. Revenue increases until this peak, then it starts decreasing.
General government revenue, in % of GDP, from social contributions. For this data, the variance of GDP per capita with purchasing power parity (PPP) is explained in 20% by social contributions revenue.
Egyptian peasants seized for non-payment of taxes. (Pyramid Age)
Public finance revenue from taxes in % of GDP. For this data, the variance of GDP per capita with purchasing power parity (PPP) is explained in 32% by tax revenue.
Diagram illustrating deadweight costs of taxes

The laissez-faire principle expresses a preference for an absence of non-market pressures on prices and wages such as those from discriminatory government taxes, subsidies, tariffs, regulations, or government-granted monopolies.

- Free market

The idea is to aim taxes at people that cause an above-average amount of societal harm so the free market incorporates all costs as opposed to only personal costs, with the benefit of lowering the overall tax burden for people who cause less societal harm.

- Tax
Total revenue from direct and indirect taxes given as share of GDP in 2017

2 related topics with Alpha

Overall

Average tariff rates for selected countries (1913–2007)

Tariff

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Average tariff rates for selected countries (1913–2007)
Tariff rates in Japan (1870–1960)
Average tariff rates in Spain and Italy (1860–1910)
Average levels of duties, 1875 and 1913
Average tariff rates (France, UK, US)
Average tariff rates in US (1821–2016)
US Trade Balance and Trade Policy (1895–2015)
Effects of import tariff, which hurts domestic consumers more than domestic producers are helped. Higher prices and lower quantities reduce consumer surplus by areas A+B+C+D, while expanding producer surplus by A and government revenue by C. Areas B and D are dead-weight losses, surplus lost by consumers and overall. For a more detailed analysis of this diagram, see Free trade
GDP per capita at purchasing power parity (PPP) versus import taxes, by country.

A tariff is a tax imposed by the government of a country or by a supranational union on imports or exports of goods.

Neoclassical economic theorists tend to view tariffs as distortions to the free market.

Front view of Stuart Saunders Hogg Market, Kolkata

Market (economics)

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Composition of systems, institutions, procedures, social relations or infrastructures whereby parties engage in exchange.

Composition of systems, institutions, procedures, social relations or infrastructures whereby parties engage in exchange.

Front view of Stuart Saunders Hogg Market, Kolkata
Corn Exchange in London, circa 1809
New York Stock Exchange (United States), 1963
A market in Râmnicu Vâlcea by Amedeo Preziosi
Cabbage market by Václav Malý
Wet market in Singapore
Aberdeen (Scotland) fish market.
Fish market in Peru.
An Afghan market teeming with vendors and shoppers
Monday market in Portovenere, Italy
Wetherby (England) town's market
Gómez Palacio city's municipal market
Used cars market: due to presence of fundamental asymmetrical information between seller and buyer the market equilibrium is not efficient—in the language of economists it is a market failure
A coal power plant in Datteln—emissions trading or cap and trade is a market-based approach used to control pollution by providing economic incentives for achieving reductions in the emissions of pollutants
Perceptual mapping is a diagrammatic technique used by marketers that attempts to visually display the perceptions of customers or potential customers and the position of a product, product line, brand, or company is typically displayed relative to their competition
Works Project Administration poster (1937)
Market bargaining in Dilli Haat (Delhi)
Trade networks are very old and in this picture the blue line shows the trade network of the Radhanites, circa 870 CE
Yongsan Electronics Market in Seoul (South Korea)
Puritans drinking from pewter mugs at the tavern, Massachusetts.
Black market in La Paz
A Kula bracelet from the Trobriand Islands
The Kula ring
French crown jewels in the Louvre exhibition
United States home sales (blue)
Book Sales in the United Kingdom
Size and growth of the legal outsourcing market
Global mobiles applications market size

A major topic of debate is how much a given market can be considered to be a "free market", that is free from government intervention.

In economics, a market that runs under laissez-faire policies is called a free market, it is "free" from the government, in the sense that the government makes no attempt to intervene through taxes, subsidies, minimum wages, price ceilings and so on.