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Unformatted text preview: this money that is something I am not sure how it works. I do believe this case does fall into this Category. It seems to me that under this principle deals with mostly in highway and airports, along with food and clothing taxes. Not an inheritance tax. Over the years I have learned from the passing of family members that it is best to plan ahead and that includes a plan for taxes. Without proper tax planning, many people can end up leaving a huge tax liability on their death, considerably reducing the value of the estate passing to chosen beneficiaries. The person who physically pays the tax is not necessarily the person who bears the burden of the tax. It depends on who is best able to change their behavior in response to the tax? The percentage of the tax paid by the supplier and the consumer is independent of who actually makes the physical payment of the tax....
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This note was uploaded on 04/30/2010 for the course ECONOMICS EC 2100 taught by Professor Dick during the Spring '10 term at National American.
- Spring '10