3.4.8 The role of taxation in reducing poverty, income and wealth inequalities

Evaluate the view that the best way to reduce income inequality in a country is by using progressive taxation.

Evaluate the view that the best way to reduce income inequality in a country is by using progressive taxation.

Evaluate the view that the best way to reduce income inequality in a country is by using progressive taxation.

Calculate the average tax rate for an individual who earns $64 000 per year.

Calculate the average tax rate for an individual who earns $64 000 per year.

Calculate the average tax rate for an individual who earns $64 000 per year.

Evaluate the view that progressive income tax is the best way to increase equity in an economy.

Evaluate the view that progressive income tax is the best way to increase equity in an economy.

Evaluate the view that progressive income tax is the best way to increase equity in an economy.

Using Table 4, identify the marginal tax rate for Rufus.

Using Table 4, identify the marginal tax rate for Rufus.

Using Table 4, identify the marginal tax rate for Rufus.

Using Table 4, calculate the average tax rate for Sammy.

Using Table 4, calculate the average tax rate for Sammy.

Using Table 4, calculate the average tax rate for Sammy.

Calculate the amount of VAT which was paid on the purchase of this equipment.

Calculate the amount of VAT which was paid on the purchase of this equipment.

Calculate the amount of VAT which was paid on the purchase of this equipment.

Fred is a low-wage worker in Fairland. As a result of the minimum wage his income will increase from $15 000 per year to $19 000 per year.

Calculate how much additional income tax Fred will need to pay.

Fred is a low-wage worker in Fairland. As a result of the minimum wage his income will increase from $15 000 per year to $19 000 per year.

Calculate how much additional income tax Fred will need to pay.

Fred is a low-wage worker in Fairland. As a result of the minimum wage his income will increase from $15 000 per year to $19 000 per year.

Calculate how much additional income tax Fred will need to pay.

Discuss the view that taxation is the most effective means of achieving equity in the distribution of income.

Discuss the view that taxation is the most effective means of achieving equity in the distribution of income.

Discuss the view that taxation is the most effective means of achieving equity in the distribution of income.

Using the text/data provided and your knowledge of economics, recommend a policy which could be introduced by the government of Burundi to reduce income inequality in Burundi.

Using the text/data provided and your knowledge of economics, recommend a policy which could be introduced by the government of Burundi to reduce income inequality in Burundi.

Using the text/data provided and your knowledge of economics, recommend a policy which could be introduced by the government of Burundi to reduce income inequality in Burundi.

Using information from Table 4, calculate the additional income tax Beycan would pay if the Turkish government decided to increase the marginal tax rate for incomes over TL600 001 to 55$$%, as it has been in Austria since 2016.

Using information from Table 4, calculate the additional income tax Beycan would pay if the Turkish government decided to increase the marginal tax rate for incomes over TL600 001 to 55$$%, as it has been in Austria since 2016.

Using information from Table 4, calculate the additional income tax Beycan would pay if the Turkish government decided to increase the marginal tax rate for incomes over TL600 001 to 55$$%, as it has been in Austria since 2016.

Using the text/data provided and your knowledge of economics, recommend a policy that the government of Turkey could introduce to reduce income inequality.