Question

Creating revenue for the federal government is the primary purpose of taxation. Determine a secondary purpose...

Creating revenue for the federal government is the primary purpose of taxation. Determine a secondary purpose (for example, protecting the environment) and provide specific examples within the tax code that promote this purpose. Discuss the advantages and disadvantages of the legislation.

Homework Answers

Answer #1


The Implementation of Environment Preservating Policies are the purpose of taxation.
Example:   
The raised money can be used to implement policies like REDD+ in the country which aims at creating awareness among the farmers regarding deforestation
Compensating them for not cutting trees

Advantages:
Greater awareness among people regarding ill effects of deforestation
Greener environment
Better quality environment
Healthy atmosphere

Disadvantages:
Most of the money raised gets used up in implementing policies which will show effect only after a long period of time

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