Purchase Solution

Income Disparity and the Concept of Progressive Taxation

Not what you're looking for?

Ask Custom Question

After reviewing the range of earnings across various jobs on salary.com, it should be clear that income disparity in our economy is considerable. Explain whether or not you believe that the degree of variation is justified. Explain your rationale.

Progressive income taxes (the more you earn, the more you pay) are designed in part to reallocate earnings. Does the approach seem fair? Explain your answer.

Purchase this Solution
Solution Summary

The solution determines the income disparity and the concept of progressive taxation.

Solution Preview

I believe that the degree of variation in income is justified, due to the fact that the variation in income is commensurate with the variation in the skill levels ...

Solution provided by:
Marcel Parker, MPA
Education
  • Criminal Justice, Elizabeth City State University
  • Master of Public Administration, North Carolina Central University
Recent Feedback
  • "Excellent work, from the time of my post to the time I received a response was days ahead of my requirements. "
  • "Great, Thank You for our Help!!"
  • "Excellent, thank you "
  • "Thank you"
  • "Thank you!"
Purchase this Solution
Free BrainMass Quizzes
Team Development Strategies

This quiz will assess your knowledge of team-building processes, learning styles, and leadership methods. Team development is essential to creating and maintaining high performing teams.

Organizational Behavior (OB)

The organizational behavior (OB) quiz will help you better understand organizational behavior through the lens of managers including workforce diversity.

Change and Resistance within Organizations

This quiz intended to help students understand change and resistance in organizations

Writing Business Plans

This quiz will test your understanding of how to write good business plans, the usual components of a good plan, purposes, terms, and writing style tips.

Social Media: Pinterest

This quiz introduces basic concepts of Pinterest social media

View More Free Quizzes
Related BrainMass Solutions

  • Discuss the implications of a poll tax

    Also discusses is the theory of taxation and how the poll tax does not follow our current progressive system of taxation.

  • Explaining Progressive Taxation

    Presuming your question addresses income tax, then progressive taxation would seem to be the lesser of the two evils.

  • Public Finance: Justify separate taxation of corporations

    Our system of taxation has separated those two sources and taxed them differently. The rates tend to be flat and lower for capital income but higher and progressive for earned income.

  • Utility and Marginality

    The concept of utility and marginal utility can also be applied to income.

  • Taxation: Should there be a different tax structures?

    Explain and take a stand An interesting question which brings up a variety of thoughts: Comparison of rates Unincorporated business income is taxed under the same progressive system of taxation as individuals are, and therefore pays the same rates

  • Selecting a method of taxation

    558014 Selecting a method of taxation Explain the benefit principle for selecting a method of taxation. Is the benefit principle more likely to be followed if a tax structure is regressive, proportional, or progressive?

  • Taxation equitiy, efficiency, and revenue generation

    The most common test for the equity of taxation is whether it is regressive or progressive. Regressive taxes charge more to the poorer members of society, as a percentage of their income.

  • Flat tax fairness/equity

    160744 Flat tax: fairness and equity The concept of a "flat tax." Can you please explain to me how this tax scheme works and does it meet the criteria of tax efficiency and tax fairness/equity?

  • taxation policy

    112957 Taxation Policy Provide an example of a tax and discuss how it affects efficiency and equity. TAXATION POLICY The main objectives of the taxation policy are: ? Mobilization of resources ?

View More Related Solutions