People have different capabilities, interests, intelligence, emotions, and energies. If people are so different and unequal,
then why is the inequality in income a problem? Why does it bother all the households?
“Income Inequality and Tax Burden: The Effect of Taxation on GDP and Income Distribution”, this book provides the reader with a simple method that household can use to determine its income fairness.
By explaining the tools necessary for calculating income of a household and understanding gross domestic product (GDP), this book can help finding household's income share in the economy by having reader measure their GDP contribution (GDPc).
Using carefully constructed models, real-life examples, and thoroughly defined language, the book tackles this timely, tricky and important issue of income inequality by cultivating the reader's interest and understanding on GDP, taxes on income and taxes on net income, household money life in economy (HMLE), and virtual GDP share of corporations.
The readers will be left enlightened and empowered, with a deeper understanding of the economy by a simple GDPc simulation model (GDPcSM) that anyone can use and perform what if analyses.
Finally, the GDPcSM is verified by OECD data to find the average percentages of sales/VAT, social insurance and income taxes of all G20 countries. These are used to find the Non-Governmental Income in an Economy (NGIE) to evaluate how well governments manage their economies and supply an objective economic metric of countries. NGIE related criteria could be helpful for international institutional investors, venture capitalists, angel investors and investors in their evaluations.
The models, theories, metrics, explanations, and definitions the reader could find interesting or look from different perspectives are;
gross domestic product (GDP) by income approach
GDP contribution (GDPc) of a household
Income fairness evaluation of a household member and household
income equality with unequal incomes
Wage and profit
worker and economic actor (EA)
economic entity (EE)
household expenditure taxes (HET)
household income roles
distribution of wealth or GDP
transported and distributed taxes on net income
HETt & HETd
EE vs. Corporation
GDP contribution Simulation Model (GDPcSM)
social security (SS) tax
health care (HC) tax
unemployment (UE) tax
property, license, import, other taxes (PLIOT)
income, SS, HC, UE taxes (ISHUT)
defects of withholding tax (WT) & tax deducted at source (TDS)
balled-up hedgehog syndrome
other economic entities (OEEs)
all other economic entities (AOEEs)
price life span (PLS)
indirect business taxes (IBT)
HET vs. IBT
non-GDP economic entities (EEs)
non-GDP households
using sales revenue for GDP calculation
GDP contribution leverage of an EE
GDP; deficit, surplus, overhead, precision, efficiency
gross domestic tax (GDT)
GDP estimation by GDT
prime suspect for middle-income trap
performance of governmentally administered SS system
household money life in economy (HMLE)
average depreciation period
depreciable stock value
turnover rate of money (TRM)
open-ended tax system
closed loop tax system
household bookkeeping
architecture of tax legislation
traceability in legislation
checklist for a tax system
complexity and simplicity of tax systems
tax index currency (TIC)
Amendments of the rights in Constitutions
from division of labor to the division of dictator(ship)
hunting values
duties and rights of taxpayers, presidents and prime ministers (P/PM)
inbreeding! in recruitment
oath-taking professions
power of persistence
retroactive responsibility
semantic wordbending
arbitrary power
the principles of tax
youth/unemployment problem!
employed unemployees
unemployed employees
citizens' right to know the artifact and the interpretation
missing crimes; stochastic & value
trust abusing foundations
details, complexities, possibilities, controls and strategies
then why is the inequality in income a problem? Why does it bother all the households?
“Income Inequality and Tax Burden: The Effect of Taxation on GDP and Income Distribution”, this book provides the reader with a simple method that household can use to determine its income fairness.
By explaining the tools necessary for calculating income of a household and understanding gross domestic product (GDP), this book can help finding household's income share in the economy by having reader measure their GDP contribution (GDPc).
Using carefully constructed models, real-life examples, and thoroughly defined language, the book tackles this timely, tricky and important issue of income inequality by cultivating the reader's interest and understanding on GDP, taxes on income and taxes on net income, household money life in economy (HMLE), and virtual GDP share of corporations.
The readers will be left enlightened and empowered, with a deeper understanding of the economy by a simple GDPc simulation model (GDPcSM) that anyone can use and perform what if analyses.
Finally, the GDPcSM is verified by OECD data to find the average percentages of sales/VAT, social insurance and income taxes of all G20 countries. These are used to find the Non-Governmental Income in an Economy (NGIE) to evaluate how well governments manage their economies and supply an objective economic metric of countries. NGIE related criteria could be helpful for international institutional investors, venture capitalists, angel investors and investors in their evaluations.
The models, theories, metrics, explanations, and definitions the reader could find interesting or look from different perspectives are;
gross domestic product (GDP) by income approach
GDP contribution (GDPc) of a household
Income fairness evaluation of a household member and household
income equality with unequal incomes
Wage and profit
worker and economic actor (EA)
economic entity (EE)
household expenditure taxes (HET)
household income roles
distribution of wealth or GDP
transported and distributed taxes on net income
HETt & HETd
EE vs. Corporation
GDP contribution Simulation Model (GDPcSM)
social security (SS) tax
health care (HC) tax
unemployment (UE) tax
property, license, import, other taxes (PLIOT)
income, SS, HC, UE taxes (ISHUT)
defects of withholding tax (WT) & tax deducted at source (TDS)
balled-up hedgehog syndrome
other economic entities (OEEs)
all other economic entities (AOEEs)
price life span (PLS)
indirect business taxes (IBT)
HET vs. IBT
non-GDP economic entities (EEs)
non-GDP households
using sales revenue for GDP calculation
GDP contribution leverage of an EE
GDP; deficit, surplus, overhead, precision, efficiency
gross domestic tax (GDT)
GDP estimation by GDT
prime suspect for middle-income trap
performance of governmentally administered SS system
household money life in economy (HMLE)
average depreciation period
depreciable stock value
turnover rate of money (TRM)
open-ended tax system
closed loop tax system
household bookkeeping
architecture of tax legislation
traceability in legislation
checklist for a tax system
complexity and simplicity of tax systems
tax index currency (TIC)
Amendments of the rights in Constitutions
from division of labor to the division of dictator(ship)
hunting values
duties and rights of taxpayers, presidents and prime ministers (P/PM)
inbreeding! in recruitment
oath-taking professions
power of persistence
retroactive responsibility
semantic wordbending
arbitrary power
the principles of tax
youth/unemployment problem!
employed unemployees
unemployed employees
citizens' right to know the artifact and the interpretation
missing crimes; stochastic & value
trust abusing foundations
details, complexities, possibilities, controls and strategies
