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UNEMPLOYED PERSONS: People who are NOT actively engaged in the production of goods and services, but ARE actively seeking employment in the production of goods and services. This is one of three official categories used to classify individuals by the Bureau of Labor Statistics (BLS) based on information obtained from the Current Population Survey. The other two categories are employed persons and not in the labor force. The sum of employed persons and unemployed persons constitute the civilian labor force. While the general notion of unemployed persons is people who are willing and able to work, but not working, the BLS has specific criteria designed to capture unemployment.
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                           PER UNIT TAX: A tax specified as a percentage of the quantity of a good, service, asset, or other activity. Per unit taxes are often imposed on specific goods or markets. A common per unit tax is that levied on gasoline. People pay a given tax for each gallon of gasoline purchased, regardless of the price of gasoline. An alternative is an ad valorem tax, with is a tax specified as a percentage of the value or price of a good. A per unit tax is a tax in which the tax base is specified as a physical quantity rather than a dollar value. If, for example, the federal government places a per unit tax of 10 cents on gasoline, then buyers and/or sellers are responsible for paying an extra 10 cents on each gallon sold, regardless of the price.If you buy 10 gallons of gasoline for your small compact car, then the federal government collects a total tax of $1 (10 cents x 10 gallons). If your close friends buys 20 gallons for a larger SUV, then the then the federal government collects a total tax of $2 (10 cents x 20 gallons). It matters not that you paid $3 a gallon and your friend paid only $2.50. This type of tax can be illustrated using the following tax calculation equation. The total tax collected is the product of the tax rate and the tax base. A per unit tax exists if the tax base is specified as a physical quantity. In the previous example, the tax rate is the per unit tax of 10 cents per gallon of gasoline and the tax base is the quantity of gasoline, the number of gallons sold. Per unit taxes are generally applied to specific goods, services, or other activities, usually for very specific reasons. A common reason is to invoke the allocation effect as a means of discouraging the production, consumption, or exchange of the particular commodity.For example, the U.S. Environmental Protection Agency might impose a per unit tax on sulfur dioxide emissions from coal fire power plants as a means of discouraging pollution. Fewer emissions mean fewer taxes. In this case, the value of the emissions is not particularly relevant, only the total quantity. An alternative type of tax is an ad valorem tax, in which the tax base is specified as a dollar value. An ad valorem tax, in contrast to a per unit tax, depends on price. A higher price means a higher tax.
Recommended Citation:PER UNIT TAX, AmosWEB Encyclonomic WEB*pedia, http://www.AmosWEB.com, AmosWEB LLC, 2000-2020. [Accessed: July 9, 2020].
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Today, you are likely to spend a great deal of time watching the shopping channel seeking to buy either a large, stuffed giraffe or a birthday greeting card for your aunt. Be on the lookout for telephone calls from former employers.
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Junk bonds are so called because they have a better than 50% chance of default, carrying a Standard & Poor's rating of CC or lower.
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"Lord, where we are wrong, make us willing to change; where we are right, make us easy to live with. " -- Peter Marshall, US Senate chaplain
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AOM
Australian Options Market
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