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- A: What are the three fiscal policy tools? B: How would change each tool if your goal was to reduce unemployment? C: How would you reduce each tool if your goal was to reduce inflation? D: Supply shocks cause both unemployment and inflation to increase. Given the results in B and C can fiscal policy be used successfully to reduce both inflation and unemployment at the same time? Explain!13. "We should impose a 20 percent luxury tax on expensive automobiles (those with a sales price of $75,000 or more) in order to collect more tax revenue from the wealthy." Will the burden of the proposed tax fall primarily on the wealthy? Why or why not?4 Economist B believes that if tax rates are cut, tax revenue is likely to fall. This economist most likely believes that the percentage decrease in tax rates will ______________________________ percentage rise in the tax base.
- 22. If the government decide to increase taxes on sugar, who do you think will carry the burden of taxation? Please justify your answer and explain.How can the relative levels of taxes impact relationships between states? For instance, what is likely to happen when New York (under the START-UP NY program) offers tax breaks to companies that are willing to relocate to the state? a. Generate federal government jobs b. Increase the Supreme Court's power c. Lower federal budgets d. Increase competition among states e. Increase public funding(1) Tax system contributes to reduce inequality and control consumption-Explain in your own words.
- A: What are the three fiscal policy tools? B: How would change each tool if your goal was to reduce unemployment? C: How would you reduce each tool if your goal was to reduce inflation? D: Supply shocks cause both unemployment and inflation to increase. Given the results in B and C can fiscal policy be used successfully to reduce both inflation and unemployment at the same time? Explain Do D For the answers for A, B and C - https://www.bartleby.com/questions-and-answers/a-what-are-the-three-fiscal-policy-tools-b-how-would-change-each-tool-if-your-goal-was-to-reduce-une/f3f967cc-fe29-4630-9327-d2e79d57693aTaxes are a burden and an obligation and people have a negative attitude towards their tax liabilities. In an effort to convince these people that there is a good outcome from the taxes they pay, can you mention a few positive things about paying taxes?Which system of taxes is best? Why does that system is the most effective way for the government to generate revenue and maintain our economy's growth?
- On average, does an increase in taxes raise or lower real GDP? If taxes as a percent of GDP go up 1 percent, by how much does real GDP change? Are the decreases in real GDP caused by tax increases temporary or permanent? Does the intention of a tax increase matter?←05 Survey Junkie 17 Gmail C https:/Assign W 2 https://highschools.foolproofonline.info/modules/taxes/board13.php YouTube Maps Dashboard - HMH Ed Okay, more Practice Questions: This is: Identify the type of tax for each example. Example 1: You are charged this tax by the federal government on your yearly pay. O Income Tax. O Sales Tax. O Property Tax. O Excise Tax. This is: Example 2: You own a piece of property and receive a tax bill from the state each year. O Income Tax. O Sales Tax. O Property Tax. O Excise Tax. EN Anglais (ats-Unis) E $ 4 0.6.76 Edmen w foolpro Cc X R 5 T Y & 7 F9 8In 1989, Senator Bob Packwood asked Congress’s Joint Committee on Taxation how much extra revenue the government would raise if it just started taxing 100% of all income over $200,000 per year. The Joint Committee crunched some numbers and reported an answer: $204 billion per year. a. What is wrong with this answer? In 1989, very few people made over $200,000 a year, so the estimate of the tax revenue is far too high. Increasing government spending by $204 billion each year would have generated economic growth, and subsequently even higher amounts of tax revenues. The Joint Committee on Taxation did not have the tools needed to make such an estimate accurately. No one would have an incentive to work once they had earned $200,000, so much of the taxable income would disappear.