Systems of taxation

Systems of taxation - Systems of taxation in crop and...

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Systems’of’taxation’in’crop’and’mining’colonies’were’different’than’Grain’colonies:’ (engermann’and’Sokoloff) ’ Crop’and’min ing’had’low’income’tax’and’high’transaction’costs. Inequality’persists: ’ Engermann’and’Sokoloff’slide ’ How’to’measure’it? ’ Can’use’histogram’to’depict’distribution’of’per’capita’consumption’as’a’ function’of’percentage’of’population’within’each’bracket In’inequality’wanna’know’two’thins: How’wide’the’histogram’is’and’how’high’it’is. Where’are’the’people’concentrated An’indicator’of’inequality’will’be’much’more’complicated’than’finding’the’ average’number ’ Inequality’for’an’entire’country’or’a’smaller’group ?’ Entire’capita’or’across’households? Inequality’of’what?’Income?’Consumption? Absolute’vs.’relative’inequality: ’ Absolute’inequality’is’how’ wide’the’range’of’per’capita’consumption’ is’over’the’whole’population:’so’highest’range’of’br acket’ -’lowest’ end’of’ lowest’bracket ’ Relative:’you’can’look’at’how’different’people’are’without’looking’at’ currencies:’easier’to’interpret’and’compare Think’about’what’timeframe ’ Why’consumption’would’be’preferred’than’income?
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Systems of taxation - Systems of taxation in crop and...

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