A report on Tax

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

Compulsory financial charge or some other type of levy imposed on a taxpayer by a governmental organization in order to fund government spending and various public expenditures (regional, local, or national), and tax compliance refers to policy actions and individual behaviour aimed at ensuring that taxpayers are paying the right amount of tax at the right time and securing the correct tax allowances and tax reliefs.

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

86 related topics with Alpha

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Seigniorage

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Where sovereign-issued securities are exchanged for newly printed banknotes by a central bank, allowing the sovereign to "borrow" without needing to repay.

Where sovereign-issued securities are exchanged for newly printed banknotes by a central bank, allowing the sovereign to "borrow" without needing to repay.

Seigniorage derived from specie (metal coins) is a tax added to the total cost of a coin (metal content and production costs) that a customer of the mint had to pay, and which was sent to the sovereign of the political region.

A warning sign in Singapore that states the fee for releasing vehicles that are immobilized with wheel clamps by private security in a non-public area.

Fine (penalty)

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Penalty of money that a court of law or other authority decides has to be paid as punishment for a crime or other offense.

Penalty of money that a court of law or other authority decides has to be paid as punishment for a crime or other offense.

A warning sign in Singapore that states the fee for releasing vehicles that are immobilized with wheel clamps by private security in a non-public area.
A parking attendant issuing a fine for illegal parking

Fines can also be used as a form of tax.

Employment in the UK Public Sector, December 2013

Public sector

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Part of the economy composed of both public services and public enterprises.

Part of the economy composed of both public services and public enterprises.

Employment in the UK Public Sector, December 2013

Direct administration funded through taxation; the delivering organization generally has no specific requirement to meet commercial success criteria, and production decisions are determined by government.

Revenue service

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A revenue service, revenue agency or taxation authority is a government agency responsible for the intake of government revenue, including taxes and sometimes non-tax revenue.

The runestone U 241 in Lingsberg, Uppland, Sweden, was raised by the grandchildren of Ulfríkr circa 1050 in commemoration of his twice receiving danegeld in England.

Danegeld

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The runestone U 241 in Lingsberg, Uppland, Sweden, was raised by the grandchildren of Ulfríkr circa 1050 in commemoration of his twice receiving danegeld in England.
The runestone U 344 in Orkesta, Uppland, Sweden, raised in memory of the Viking Ulf of Borresta, says that three times he had taken danegeld in England. The first one was with Skagul Toste, the second one with Thorkell the Tall and the last one with Canute the Great.
The runestone U 194, in a grove near Väsby, Uppland, Sweden, was raised by a Viking in commemoration of his receiving one danegeld in England.

Danegeld ("Danish tax", literally "Dane yield" or tribute) was a tax raised to pay tribute or protection money to the Viking raiders to save a land from being ravaged.

Diagram illustrating taxes effect

Effect of taxes and subsidies on price

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Diagram illustrating taxes effect

Taxes and subsidies change the price of goods and, as a result, the quantity consumed.

An artist's rendering of what Plato might have looked like. From Raphael's early 16th century painting "Scuola di Atene".

Social justice

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Justice in terms of the distribution of wealth, opportunities, and privileges within a society.

Justice in terms of the distribution of wealth, opportunities, and privileges within a society.

An artist's rendering of what Plato might have looked like. From Raphael's early 16th century painting "Scuola di Atene".
Roman copy in marble of a Greek bronze bust of Aristotle by Lysippos, c. 330 BC. The alabaster mantle is modern.
Bust of Socrates
Social justice has been traditionally credited to be coined by Jesuit priest Luigi Taparelli in the 1840s, but the expression is older
Thomas Pogge

The relevant institutions often include taxation, social insurance, public health, public school, public services, labor law and regulation of markets, to ensure distribution of wealth, and equal opportunity.

Natural resources consumption tax

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The natural resource consumption tax is a kind of tax which is aimed to help ensure long run sustainability by increasing awareness of natural resource consumption.

Tallage

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Tallage or talliage (from the French tailler, i.e. a part cut out of the whole) may have signified at first any tax, but became in England and France a land use or land tenure tax.

Financial repression

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Financial repression comprises "policies that result in savers earning returns below the rate of inflation" to allow banks to "provide cheap loans to companies and governments, reducing the burden of repayments."

Financial repression comprises "policies that result in savers earning returns below the rate of inflation" to allow banks to "provide cheap loans to companies and governments, reducing the burden of repayments."

Thus, financial repression is most successful in liquidating debts when accompanied by inflation and can be considered a form of taxation, or alternatively a form of debasement.