A tax-benefit model is a form of microsimulation model. It is usually based on a representative or administrative data set and certain policy rules. These models are used to cost certain policy reforms and to determine the winners and losers of reform. One example is EUROMOD which models taxes and benefits for 28 EU states. (Wikipedia).
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We know that government spending is funded by taxes. But how are these taxes collected? What should be taxed? Essentially there are three types of taxes. Taxes on what you buy, taxes on what you own, and taxes on what you earn. But more specifically, we have all heard of income taxes, capi
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From playlist 2022 M3 Challenge Final Event
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This video was made possible by our Patreon community! ❤️ See new videos early, participate in exclusive Q&As, and more! ➡️ https://www.patreon.com/EconomicsExplained ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ The US federal election will be held in 2 days from when this video is published. The process
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From playlist Political participation | AP US Government and Politics | Khan Academy
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