AN EXAMINATION OF HOW RAISING TAXES WOULD AFFECT SALARIES AND WAGES

Abstract

The growth of the state's involvement and the idea of government finance or fiscal policy, taxes have become an increasingly important factor influencing all facets of economic and social life. The financial instability was a direct outcome of the tax's negative impact on wealth inequality and the government's inability to address the budgetary challenges caused by this trend adequately. Studying tax evasion, which stunts economic growth and determining the magnitude of the tax's overall and wage and salary-specific economic impacts are the primary goals of the research.