Is progressive taxation justified in a modern liberal society?
6 years ago
Answered By Harrison V
Toward the justification of progressive taxation (PT):
1. PT can place a cap on the maximum size of companies because between a company with profits in the millions and another in the hundreds of millions, the later company would be taxed more heavily, so the former company would enjoy better earnings per share.
6 years ago
Answered By Harrison V
Toward the justification of progressive taxation (PT):
1. PT can place a cap on the maximum size of companies because between a company with profits in the millions and another in the hundreds of millions, the later company would be taxed more heavily, so the former company would enjoy better earnings per share.