Taxation (Student Guides to Business and Economics)

This engaging and accessible book is a must-read for every taxpayer young and old. It explores the many forms of taxation; how taxes are created collected and spent; and why certain aspects of taxation are so controversial.In this world nothing can be said to be certain except death and taxes. Benjamin Franklin wrote this now-famous quote more than 200 years ago and taxation remains just as important (and inevitable) today as then. Taxes are a fact of life for almost everyone and the public goods and services they pay for are enjoyed by all citizens. While taxes are undeniably necessary the specifics of what should be taxed who should pay taxes and at what rate remain hotly debated by economists government officials and regular citizens. The first in Greenwood’s new Student Guides to Business and Economics series Taxation gives readers an in-depth yet reader-friendly look at one of economics’ foundational concepts. Using simple language and relevant real-world examples the book explores the different forms of taxation the necessary components of any tax how taxes are created and collected and much more. It also highlights contemporary controversies related to taxation including whether or not “sin taxes” actually discourage unwanted behaviors like smoking and how best to simplify the tax filing process.Provides a concise and easy-to-read overview of a broad and foundational topic in economicsDemonstrates to readers why taxes are important and helps them better understand how tax revenue is spent for the public goodIncludes a Questions for Further Discussion section designed to stimulate classroom discussion and encour-age critical thinkingOffers an at-a-glance chronology of events related to the history of taxation allowing readers to trace the evo-lution of ideas and practices related to taxation through history