Sign In
Not register? Register Now!
Essay Available:
Pages:
2 pages/β‰ˆ550 words
Sources:
Check Instructions
Style:
APA
Subject:
Mathematics & Economics
Type:
Research Paper
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 10.37
Topic:

High Cost of Tax and a Few Solutions to this Problem

Research Paper Instructions:

The goal is to increase income for the social benefit of the county... The problem is how does an economy adjust the formulas to allow more people the opportunity to better themselves so as to create a more equal playing field and not to detract from incentives or the drive that individuals have to better themselves or their family. A very challenging balance....
1. Frame/ describe the challenge or problem? Please think critically! What are possible reasons as to why this is still occurring even in 2021? Examples... Think in terms of individual, corporate, institutional and/or governmental behavior.
2. List a few solutions to this problem? Example might include 3 ideas we discussed in chapter 5. Also possible governmental solution discussed in chapter 6. Lastly please think outside of the box as well.
3. Please tell how you would implement this new policy and how would you measure the impact as well?
Book: Economics, Brief Edition 3rd ED Campbell, Brue & Flynn

Research Paper Sample Content Preview:

Economics
Name
Institution Affiliation
Course
Instructor
Date
Economics
The main social, economic challenge is the high cost of tax by the government. The issue is still a significant problem in 2021 because the government has not balanced the taxation imposed on the citizens. Therefore, it poses a substantial threat to the country's social, economic status. The high cost of the tax is a challenge both in businesses and at an individual level. According to Brue et al., as a result, companies and institutions struggle to grow and hire more employees. Similarly, it is challenging at individual levels to start companies due to the high cost of starting and getting investors to fund the business.
Brue et al. (2009) state that to increase the social income of the citizens, the government should revise the cost of taxes levied on them. The process may require a survey to know the social-economic status of citizens before readjusting the taxes accordingly. An effective policy that the government can implement is redistributive policy and program. The policy aims to tax the upper and middle class and then fund programs for the lower class. Likewise, the government should offer loans to individuals, corporates, and institutions at more fair rates to help support their business vision. Lastly, the government should moderately reduce the requirements needed to start a company and thus create more job opportunities.
The redistributive policy and program can be implemented by first analyzing the current taxation trend against citizens' social, economic position. The classes generally are lower, middle, and upper-class versus the resources available. The government can then distribute the taxes fairly against the middle and upper-class citizens. Redistributive policy impact can be measured by the amount of income in a year and the overall living standards of citizens.
According to Feierherd et al. (2020), a hefty tax hike on the super-wealt...
Updated on
Get the Whole Paper!
Not exactly what you need?
Do you need a custom essay? Order right now:
Order

πŸ‘€ Other Visitors are Viewing These APA Research Paper Samples:

HIRE A WRITER FROM $11.95 / PAGE
ORDER WITH 15% DISCOUNT!
Order Now