ethanwaddell4656 ethanwaddell4656
  • 25-11-2020
  • Business
contestada

Why can some taxes that appear to be regressive in terms of current income be thought of as progressive from a lifetime tax incidence perspective?

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SerenaBochenek SerenaBochenek
  • 27-11-2020

Answer:

The description is outlined in the clarification segment below, as per the case provided.

Explanation:

  • The prevalence of either a lifetime tax on some kind of fixed income has been known to be a long-term perspective including its broader economic impact of taxation since they complement instead of just replace.
  • The existing income taxes would raise the quarterly funds to meet, but perhaps the cumulative occurrence of tax would enhance the power to charge for existence.  

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