Government taxation can have a significant impact on both corporations and individual citizens. For corporations, taxes can reduce their net income, which can affect their ability to invest, expand, and create jobs. For individual citizens, taxes can reduce disposable income, which can affect their purchasing power and standard of living. However, taxes are also used by the government to fund public services and infrastructure, which can benefit both corporations and individuals.
Economics can be intimidating to the person who is not well-versed in business and mathematics. This...
View summary