Tag: implications

  • Taxes Part 2: Tax Implications on the Economy

    Taxes Part 2: Tax Implications on the Economy

    Before we can have a meaningful discussion about tax policy, let me briefly describe the way an economy functions. Until that foundation is laid, the impacts of taxation cannot be fully understood. The Bucket Analogy A classic metaphor of an economy is to visualize a bucket of water. The level of water within the bucket…