LESON19A

LESON19A - Econ 275 - Public Finance - Fall 1992 - 11/5/92...

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Econ 275 - Public Finance - Fall 1992 - 11/5/92 - Lesson #19 - leson19a.275-- Page -- Admin Bring chalk 10 minutes at the end of class. Taxation Ch 16 Desirable Characteristics of a tax system Economic efficiency simplicity flexibility political responsibility: The tax system should be designed so that individuals can ascertain what they are paying so that the political system can more accurately reflect the preferences of individuals fairness: Incidence Ch 17 Concepts progressive regressive proportional average tax rates - use table 1 below: Note that I will equate a progressive tax system as one in which the average tax rate is rising. Partial Equilibrium Analysis When can this type of analysis be used. Excise (or commodity) taxes Use the overheads. Harvard Graphics taxinc1.hg3, dtaxinc2.hg3 Shift in demand is perception on part of suppliers. Shift in Supply is perception on the part of consumers. Presentation:
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LESON19A - Econ 275 - Public Finance - Fall 1992 - 11/5/92...

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