markitect-main/examples/infospace-with-history/output/entities/economy-in-taxation.md

Economy in Taxation

Definition

The principle that the collection of taxes should be accomplished with minimal expense and economic distortion, ensuring that the cost of collection does not exceed the revenue generated and that taxes do not unnecessarily discourage productive activity.

Source Chapter

Book V, Chapter 2

Context

Smith identifies this as the fourth of his four maxims, arguing that economic efficiency in taxation is essential for maximizing revenue while minimizing the burden on the economy.

Economic Domain

General Theory