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The third and last criteria is efficiency, which says that the tax should be easy to administer and reasonably successful as a revenue-generating device.
Other determinants whether a tax is beneficial to taxpayers are the principles of taxation. The first is based on the two ideas. One of those ideas is that those who benefit from government services should be the ones who pay for those services. The other idea is that people should pay taxes in proportion to the amount of services they receive. The other principle of taxation is the ability-to-pay principle which states that people should be taxed solely according to their ability-to-pay...
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Common topics in this essay:
- accounting for income taxes
- Deferred Taxes
- Income Taxes
- Social Security Reform: Increasing Taxes and the Retirement Age
- Taxes
- Taxes
- taxes
- Value Added Taxes
- Which type of taxes is most beneficial to the taxpayer?
- WELFARE TO WORK REFORM / WHAT YOU TAXES PAY FOR
- Clinton Administration's Proposal To Increase Taxes For Multinational
- Taxes
- Why The Taxes Are So High In Canada
- Child Neglect Raises Taxes
- Junk Food Taxes
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