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3 Tutorials that teach Taxation and Subsidy
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Taxation and Subsidy

Taxation and Subsidy

Author: Justin Tapp
Description:

This lesson will explain Taxation and Subsidy

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Terms to Know
  • Flat Tax

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

  • Percentage Tax

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

  • 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.

  • Subsidy

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