Why do some policymakers support a consumption tax rather than an earnings tax?
a. The average tax rate would be lower under a consumption tax.
b. A consumption tax would encourage people to save earned income.
c. A consumption tax would raise more revenues than an income tax.
d. The marginal tax rate would be higher under an earnings tax.
b
Economics
You might also like to view...
If 25 workers can pick 100 flats of strawberries per hour, then average product is
A) 100 flats per hour. B) 125 flats per hour. C) 75 flats per hour. D) 4 flats per hour. E) More information is needed about how many flats 24 workers can pick.
Economics
A decrease in autonomous investment ________
A) increases equilibrium output at any interest rate B) causes a movement down along the IS curve C) shifts the IS curve to the left D) all of the above E) none of the above
Economics