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Essay Details:
Essay text:
The internet is a public good provided to the masses. The government has been trying to devise a structure to levy taxes on our purchases of products over the internet.
The purpose of this essay is to discuss tax levies, tax affect on supply and demand, and various other situational questions.
Tax Levy
A question asked was, “Is the tax levied on the producers or consumers”? The answer is that both the producers of goods and the consumers who buy their products have a tax levied on them. Therefore, there is a double tax situation going on here, however, the government standardized the levy this way know the double taxation would occur maximizing the potential of the governments financials...
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