What I Find Interesting About Taxation.

I always knew what a tax system is and how it worked. For example, I always knew there was an Income tax, which takes away a portion of a persons income and goes to the governments budget as tax revenue. However, I have always been oblivious to the fact that there are different types of tax systems, so this was a learning experience to me.

What I found most interesting about tax is the fact that an indirect tax is not always fair for everyone. For example, there could be a set tax on a good. It may seem fair that for everyone who is buying the good, because they all pay the same amount. However, the people with a smaller income are actually paying more, since this good would amount to a larger portion of their income.

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