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Q: When a good is taxed what happens?
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What happens to consumer and producer surplus when the sale of a good is taxed?

They both decrease.


What happens to consumer and producer surplus when the sale of a good taxed?

They both decrease.


How does sales tax affect the consumer's budget line?

it raises the price of the good being taxed by that tax rate per unit of the good taxed


What happens to someone for not filing there taxes and claiming more dependents then they had?

they get taxed more and if they don't pay that then they get sewed


What happens to the percentage of an income that is taxed when income rises and the tax is a progressive one?

the percentage of tax rises


What happens to the percentage of tax as the income that is taxed rises and the tax is proportional to one?

The tax states the same


What happens to the percentage of an income that is taxed when income rises and the tax is a proportional one?

The percentage of an income that is taxed will stay the same when income rises until that income reaches a certain point set by the government. A higher tax bracket may mean a higher portion of the income will be taxed.


What happens to the percentage of tax as the income that is taxed rises and the tax is a proportional one?

The percentage of tax stays the same.


What was life like for the bourgeoisie?

Good, but they considered themselves to be over taxed, unappreciated and misunderstood.


Who generally bears most of a sales tax when the demand for a good taxed is inelastic?

the consumer


How generally bears most of a sales tax when the demand for the good taxed is inelastic?

the consumer


Who generally bears most of a sales tax when the demand for the good taxed is inelastic?

the consumer