Here is the synopsis of our sample research paper on The Impact of Tax to Constrain Economic Growth. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 8 page paper looks at how tax and tax increases may have a negative effect on economic growth. The paper considers both classical and neo-classical economics as well as the Keynesian school of thought. The bibliography cites 6 sources.
Page Count:
8 pages (~225 words per page)
File: TS14_TEtaxeco.rtf
Buy This Term Paper »
Unformatted sample text from the term paper:
will have an adverse effect on the economic growth of a country, especially true with regard savings and investments. Tax plays a duel role, it is both a drain
on resources, reducing the amount of income that can be used, either to spend or to save and invest, it is also the source of income for the government which
can be used to spend by the government. This may then trickle back into the economy. However, the aspect of taxation itself will then reduction the amount that becomes spendable
income as there will be cyclic reaction. In considering the economy there arte to main influenced, these are injections of income and leakages of income. Injections may be foreign income
or increased monetary supply, leakages may be taxation or other elements such as cash leaving the country (Ekelund, 1983). To examine how taxation may impact on an economy and
reduce the level of growth the basis of economic growth needs to be considered. Economic growth takes place when an economy adds more value or produces more in real terms
than was previously the case. The greater the level of income produced the more may be placed into savings (Ekelund, 1983). This then has an impact on loadable funds,
with the ability of financial institutions to transform funds into loans and facilitate greater borrowing and therefore investment, This in turn will create demand and therefore create more jobs (Ekelund,
1983). This is a very basic outline of the classical view. If taxes are too high money cannot be saved, and where expenditure takes place it will be constrained.
The classical and neo-classical schools blame the lack of savings for the occurrence of unemployments. In remembering the basic economic models the classical school believed that the point of equilibrium
...