Which statement is an argument against a tax system that encourages savings?     that individuals know better that the government how much to save     that saving is not an important determinant of a nation's ability to produce output     that rich people would bear the burden of such a tax system     that such a tax system would increase inequality

Q: What do taxes pay for? Schools, government departments, roads, and emergency services…

A: Taxes is the compulsory payment which is levied by government on people or corporations. Taxes is…

Q: Explain marginal tax rate.

A: 1-The marginal tax rate is the additional/extra tax rate paid for every additional/extra income…

Q: A government collects 700B in tax revenue. It allocates $40B to the justice system and $95B for its…

A: The revenue that is collected by the government from property ownership and transfer taxes, income…

Q: The table below describes three tax systems (A, B, and C) for three income levels. Tax system A Tax…

A: (a) Tax System A:i) Percentage of income= 2,00020,000×100=10%ii) Percentage of…

Q: In the market for goods and services in the circular flow diagram,  Select one:  A. firms provide…

A: The circular flow can be explained as the flow of goods & services along with the money, which…

Q: 3er the following hypothetical income tax brackets for a married couple Assume for simplicity there…

A: Income Tax Rate $0-$20,000 10% $20,000-$50,000 20 $50,000-$100,000 35 Over $100,000 50…

Q: Define the term Marginal Tax Rate?

A: Marginal tax rate is the rate at which tax is incurred on an extra dollar of income. In United…

Q: Which of the following is a significant revenue source for state and local governments, but not the…

A: Taxes are the amount charged by the government for the services provided and are the means of…

Q: Question 1.12: Taxes on labor income The government lowers the tax rate on labor but government…

A: Taxes on labor influence the incentive of a worker. Imposing taxes reduces the scope of the business…

Q: How does the implementation of expansionary fiscal policy impact income inequality within a country?

A: Expansionary fiscal policy is a term used when the government spends more money or lowers taxes.It…

Q: When the income tax was first proposed in 1894, it was ruled unconstitutional? True or false

A: The tax is a unilateral payment made by the people towards the government for various purposes such…

Q: In a modern, industrial society, the tax system is derived from several disciplines. Identify the…

A: In the complex web of modern industrial societies like the United States, the tax system is…

Q: Which tax system requires higher-income taxpayers to have lower tax rates, even though they pay a…

A: Considering a broad category, there are 3 types of taxes:- Regressive, progressive and proportional.…

Q: How can the relative levels of taxes impact relationships between states? For instance, what is…

A: As we know tax is one of the major sources of government income, which the government spends on…

Q: What is the equity principle behind benefit-based excise taxes?

A: A tax is a mandatory payment made by individuals and companies to the government based on some…

Q: Write an essay about:

A: ANSWER STEP-1 Companies and employees in urban center fancy a number of very cheap taxes within the…

Q: What is a progressive income tax?

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: What is wrong with this answer?

A: The correct answer is No one would have an incentive to work once they had earned $200,000, so…

Q: Why do some economists advocate taxing consumption rather than income?

A: Hello. Since you have posted multiple questions and not specified which question needs to be solved,…

Q: Which of the following is NOT a reason that governments impose taxes? To finance government spending…

A: Taxation is the process by which governments collect money from individuals and entities within a…

Q: Which of the following is an example of a direct tax? Check all that apply. A tax placed directly on…

A: Note:  We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: Critically evaluate the impending rise of sales tax planned by the Japanese government and its…

A: The authorized (GDP) gross domestic product sculpture though was more diminutive than the 7.1% drop…

Q: if tax revenue decreases what would be the effect on maryland

A: The question is asking about the potential effects on the state of Maryland if there is a decrease…

Q: (Table) The below table shows the total utility that Jerry receives from consuming different number…

A: TU(total utility) is the total satisfaction that a person gets from consuming a good. MU(marginal…

Q: Discuss the view that the best way to achieve greater equity in the distribution of income in a…

A: The concept that depicts that every income group in a nation would be having similar and a less…