i need the answer quickly Most economists believe that a seduction in all statutory federal income tax rates in the United States would be unlikely to generate an increase in tax revenue. However, a recent studysug-gests that this might not be the case for the tax systems in certain cities [see Haughwout et al., 2004]. Why might a reduction in tax rates be more likely to increase revenues at thecity level rather than the federal level?

The supply of labor and other factors considering in and out of a city is more elastic than the…

Most economists believe that a seduction in all statutory federal income tax rates in the United States would be unlikely to generate an increase in tax revenue. However, a recent stud sug-gests that this might not be the case for the tax systems in certain cities [see Haughwout et al., 2004]. Why might a reduction in tax rates be more likely to increase revenues at the city level rather than the federal level?

Most economists believe that a seduction in all statutory federal income tax rates in the United States would be unlikely to generate an increase in tax revenue. However, a recent stud sug-gests that this might not be the case for the tax systems in certain cities [see Haughwout et al., 2004]. Why might a reduction in tax rates be more likely to increase revenues at the city level rather than the federal level?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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