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THE ECONOMIC OBJECTIVES OF INCOME
Stable Price Level
Interaction among Objectives
6 other sections not shown
ability to pay AD-AS model adjustments aggregate demand aggregate supply amount assets averaging formula beneﬁts business ﬁrms Canada Canadian Tax Canadian Tax Foundation capital cost allowances capital gains cent changes Chapter Commission on Taxation commodity consumption corporate income tax current income decisions deduction deﬁned depreciation difﬁcult dividends earning economic growth equal equilibrium equity exemptions expenditures factors of production Figure ﬁnancial ﬁrst ﬁxed ﬂow ﬂuctuations full employment household incentive income effect income groups increase indifference curve individuals inﬂation inﬂuence investment legislation levels of income levied long-run losses marginal utility national income Ottawa output payments personal income tax Portfolio price level problem produce proﬁts progressive income tax progressive tax proportional income tax provincial rate structure reduced reﬂected revenue RHOSP Royal Commission sacriﬁce saving scheme sector shift short-run slope speciﬁc substitution effect tax base tax credits tax liabilities tax policy tax rate taxable income taxpayer tion yield