Labor Taxation

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A Labor Taxation is a taxation on income earned from labor.

  • Context:
    • It can (typically) be applied to wages, salaries, and other forms of compensation individuals receive for their labor.
    • It can (often) include various forms of income taxes, social security taxes, and Medicare taxes in many jurisdictions.
    • It can be progressive, meaning the tax rate increases as the taxable income amount increases.
    • It can include payroll taxes, usually shared between employers and employees.
    • It can be a major source of revenue for governments to fund public services and infrastructure.
    • It can be subject to debates and reforms, focusing on issues like equity, efficiency, and the impact on labor supply and employment.
    • ...
  • Example(s):
  • Counter-Example(s):
    • Capital Taxation, which taxes income from capital such as dividends, interest, and capital gains.
    • Consumption Tax, such as sales tax or value-added tax (VAT), which taxes the consumption of goods and services.
  • See: Capital Taxation.


References

2024