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Taxes.

WHY DO THEY EXIST?. Taxes. Needs money. government. Pay for services Pay for wages of workers etc. Saudi Arabia (no tax) Kuwait (no Tax) Hong Kong (minimal tax) UAE (minimal Tax) RULE OF LAW!. Tax havens. Of Taxes. 4 R’s. Revenue. Education Health care Security Army suplies.

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Taxes.

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  1. WHY DO THEY EXIST? Taxes.

  2. Needs money. government Pay for services Pay for wages of workers etc.

  3. Saudi Arabia (no tax) Kuwait (no Tax) Hong Kong (minimal tax) UAE (minimal Tax) RULE OF LAW! Tax havens

  4. Of Taxes 4 R’s

  5. Revenue Education Health care Security Army suplies

  6. Redistribution Taxing the Wealthy higher to transfer some of their wealth to those less wealthy Affects GINI index Bush allowed it People got angry Obama and biden got rid of it Now redistribution is pontless.

  7. Repricing Used to discourage and encourage Extra taxes on: Cigarettes Liquor Let’s people ‘indulge’ Keeps subtle balance

  8. representation American phrase: “ no taxation without representation” All citizens demand things in return Citizens demand even terms with taxes Represented in different ways

  9. Example

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