10-03-2020
Business

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If you were developing a tax system for a country, how would you structure taxes based on what you learned in this module? (For example, who should pay a greater percentage of taxes? What should taxes be used for?)

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MEEPMEEP100 MEEPMEEP100

23-03-2020

Answer:

There are 3 systems as far as considering the percentage, they are progressive, regressive and proportional, progressive is good as the rate of tax increases proportionally as the income increases...taxes can be used for long term development projects which will eventually be fruitful for the economy.

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