A change to a 17% flat tax could cause a considerable increase in many taxpayers’ taxes...
A change to a 17% flat tax could cause a considerable increase in many taxpayers’ taxes and a considerable decrease in the case of others. Explain this statement in light of the statistics in
Homework Answers
Flat tax is the tax that is imposed to all tax payers, regardless their income.
A change to a 17% flat tax will decrease the tax liability for those who are upper middle and upper class and whose income is higher, they have average tax rate greater than 17%, they have to pay less tax. People who are middle and lower middle class, will see increase in the income tax as they have to pay flat 17% on lower income, they have average tax rate lower than 17%. They will see higher tax liability.
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A change to a 17% flat tax could cause a considerable increase in many taxpayers’ taxes...
58. A tax placed on land (fixed) would cause a. a huge deadweight loss. b. no...
58. A tax placed on land (fixed) would cause a. a huge deadweight loss. b. no deadweight loss. c. landlords to not bear any of the burden of the tax, d. enough tax revenue so that all other taxes could be eliminated. When a country is on the downward-sloping side of the Laffer curves, cutting tax rates will a. lower tax revenues and increase deadweight loss. b. lower both tax revenues and deadweight loss. c. increase tax revenues and decrease...
Part 1: what might cause lysosomes to change their location in the cell so they could...
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17 Question (1 point) Which of the following could have caused a change in real GDP...
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19) A flat tax is a tax with a single margional tax rate. If households could...
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please show all work, thanks! 1. A tax rebate that returns a certain amount of money to taxpayers can result in spending that many times this amount. This phenomenon is known in economics as the multi...
please show all work, thanks!
1. A tax rebate that returns a certain amount of money to taxpayers can result in spending that many times this amount. This phenomenon is known in economics as the multiplier effect. It occurs because the portion of the rebate that is spent by one individual becomes income for one or more others who, in turn, spend some of it again, creating income for yet other individuals to spend. If the fraction of income that...
17. Which of the following could you do to increase the impulse at the start of...
17. Which of the following could you do to increase the
impulse at the start of an upward jump?
a. If you increase the time during which the feet apply force
of the force plate
b. if you decrease the time during which the feet apply force
plate
c. either A or B
d. if you decrease the initial velocity of a jump
18. A horse and rider miss a job in crash into a pedestal. The
riders body continues...
Macroeconomics When taxes induce people to change their behaviour—such as inducing Jane to buy less pizza—the taxes cause deadweight losses and make the allocation of resources less efficient. As we have already seen, much government revenue comes from th
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Create a table to determine the annual tax effects (increase or decrease to taxes paid) if...
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i understand why a decrease in tax will increaseconsumotion but i dont understand why a future...
i understand why a decrease in tax will increaseconsumotion
but i dont understand why a future tax raise will also increase
consumption.
in this case, does ricardian equivalence hold? thank you
6:41 PM Wed Oct 30 TODO+ Xaxes) may be advantageous because 54% + 8 0 A) it discourages credit-constrained consumers from borrowing too much. B) it increases the welfare of credit-constrained consumers. C) it eliminates the problems that cause credit market imperfections. D) it encourages more private savings. E)...
You have been approached by a potential client who could bring you considerable business. She says,...
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58. A tax placed on land (fixed) would cause a. a huge deadweight loss. b. no deadweight loss. c. landlords to not bear any of the burden of the tax, d. enough tax revenue so that all other taxes could be eliminated. When a country is on the downward-sloping side of the Laffer curves, cutting tax rates will a. lower tax revenues and increase deadweight loss. b. lower both tax revenues and deadweight loss. c. increase tax revenues and decrease...
17 Question (1 point) Which of the following could have caused a change in real GDP and unemployment like the one experienced in the first two years of the Great Recession? Choose one: A. a decrease in consumer confidence and a decrease in financial market stability B. an increase in consumer incomes and a decrease in U.S. crop production C. a decrease in the value of the dollar and a decrease in the expected price level OD. a decrease in...
19) A flat tax is a tax with a single margional tax rate. If households could deduct $15,000 and then face a marginal tax rate of 25% on all additional income, would the tax be: A) Proportional B) Regressive C) Progressive D) Regressional 20) Disposable income is defined as A) Income you throw away. B) Income after taxes. C) Income after taxes and essentials. D) Income after rent and insurance. 21) Which of the following statement about Social Security is...
please show all work, thanks!
1. A tax rebate that returns a certain amount of money to taxpayers can result in spending that many times this amount. This phenomenon is known in economics as the multiplier effect. It occurs because the portion of the rebate that is spent by one individual becomes income for one or more others who, in turn, spend some of it again, creating income for yet other individuals to spend. If the fraction of income that...
17. Which of the following could you do to increase the
impulse at the start of an upward jump?
a. If you increase the time during which the feet apply force
of the force plate
b. if you decrease the time during which the feet apply force
plate
c. either A or B
d. if you decrease the initial velocity of a jump
18. A horse and rider miss a job in crash into a pedestal. The
riders body continues...
i understand why a decrease in tax will increaseconsumotion
but i dont understand why a future tax raise will also increase
consumption.
in this case, does ricardian equivalence hold? thank you
6:41 PM Wed Oct 30 TODO+ Xaxes) may be advantageous because 54% + 8 0 A) it discourages credit-constrained consumers from borrowing too much. B) it increases the welfare of credit-constrained consumers. C) it eliminates the problems that cause credit market imperfections. D) it encourages more private savings. E)...
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