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Ineed this asap! will mark ! taxation in america is always a "hot topic." in designing a taxation systema. what are the basic principles to be considered? b. how is the burden of a tax calculated? c. list the three basic tax burdens (hint: one of them is "progressive.") and list examples of each.d. if the government creates a tax on wealth that taxes the first $50,000 of assets a person owns at 1%, the next $50,000 at 2%, the third at 3% and so on, what type of tax burden is that? how much tax would you owe if you had $125,000 in assets (car, personal property and small home)?