3 Tutorials that teach Taxation and Subsidy
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Taxation and Subsidy

Taxation and Subsidy

Author: Justin Tapp
This lesson will explain Taxation and Subsidy
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Notes on "Taxation and Subsidy"

Terms to Know


Support offered by the government to a business or individual to incentivize production of a good or service.

Percentage Tax

Tax based on a certain percentage of the price of the good.

Flat Tax

Amount of tax applied to all levels of income without exemptions or deductions.

Progressive Taxation

Tax increases as income increases.

Regressive Taxation

A flat tax that results in a higher percentage as a proportion of income being paid by lower income earners compared with higher income earners.