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Trade Credit is an agreement where a buyer can purchase things on account, paying the supplier at a later time. Usually when the goods are…

The financial transaction tax continues to be supported by a number of economists as the two a rectification regarding jurisdictional discrepancies in taxation. Discussion of…

The Laffer curve is represented as a new graph which will begin at 0% taxes with zero revenue, rises to a new maximum rate associated…

Proportional Tax is a tax system pots the same fraction of income from all taxpayers, regardless of their earnings. A proportional tax applies a similar…

Property Tax is a tax assessed on real-estate by the Government. The tax is usually based on the value of the exact property you own.…

Optimal tax theory is the study of building and implementing a tax that reduces inefficiency and distortion on the market under given fiscal constraints. Generally,…

Progressive Tax is a tax that swallows a larger percentage in the income of high-income earners than it can from low-income individuals. The United States…

Wealth Tax is a tax based on the market value of assets which have been owned. These possessions include, but usually are not limited to,…

A land value tax is usually a levy on unimproved value connected with land only. The tax reclaims typically created wealth to use for common…

Consumption Tax is a tax on the purchase of good or services. Consumption taxes can take the form of sales taxes, charges, excise and various…

Regular or retail sales tax are levied around the sale of a good to its final end user, and is charged when that item is…

Classical liberalism” is the term used to designate the ideology promoting private property, an unhampered market economy, the rule connected with law, constitutional guarantees connected…