Current income tax and consumption tax

Assignment Help Business Economics
Reference no: EM13857905

Some economists and policymakers argue in favor of replacing the current income tax in the USA with consumption tax. What are your opinions on the issue? How do think such change impacts your income and expenditure pattern? Which tax methods do you prefer-income tax or consumption tax? Why? What are the pros and cons of the two tax methods?

Reference no: EM13857905

Questions Cloud

How countries better prepared for disasters likeearthquake : How could countries be better prepared for disasters like the earthquake or hurricane, so they don't result in a crisis?
Impact of industrialization : Impact of Industrialization:  During this time period, we saw a tremendous growth in industry and the growth of the nation.  In your opinion, which was more important to this growth:  the National Road, the railroads, or the canal system?why:
Determine the voltage in circuit : Determine the voltage v(t) (the voltage across the inductor) in circuit 2 (note that v(t) is voltage in the time domain. Assume f=60Hz)3. Determine the reactance needed to be added to a load connected to a load connected to a 480 VACrms source in ..
What kind of behavior would you expect of employees of bmw : What kind of behavior would you expect of employees of BMW in order to meet the image you expect? What HRM practices will encourage/discourage this behavior?
Current income tax and consumption tax : Some economists and policymakers argue in favor of replacing the current income tax in the USA with consumption tax. What are your opinions on the issue? How do think such change impacts your income and expenditure pattern?
What is the work done by the magnetic field : Working electron. An electron with charge -|e| and mass me is launched with an initial velocity vxi^- vyJ^ to the uniform magnetic field Bi. What is the work done by the magnetic field on the electron?
Effect of teen fathers on the pregnancy : At least one current statistic on teen pregnancy (within the last 3 years). The effect of teen fathers on the pregnancy, teen mother's development, and infant development
How would i incorporate four italian inspired menu items : How would I incorporate 4 Italian inspired menu items to include the four styles of service?
Utilize developmental theory to explain children development : Why is it important to utilize developmental theory to explain children's development? Identify and briefly describe the key points of one of the major developmental theories and why you feel that theory is applicable to child and/or adolescent dev..

Reviews

Write a Review

Business Economics Questions & Answers

  Marginal revenue product

Outline reasons why the marginal revenue product differs between workers in different jobs.

  Company minimum attractive rate of return

Its terminal salvage value will be $23,000, with annual operating costs of $7,500 for labor and $2,500 for maintenance. The company's minimum attractive rate of return is 18%.

  Explain contributing cause of the decline in investment

Which of the following was not a contributing cause of the decline in investment and thus the recessionary expenditure gap occurring during the U.S. recession of 2001.

  Explain how would one determine the opportunity cost

President Bill Clinton assigned his wife the task of developing a national health insurance plan to increase the availability of medical care for the poor. Explain how would one determine the opportunity cost of the proposal.

  The exchange rate will rise causing a greater expected

In the foreign exchange market, if the interest rate on foreign deposits increases, holding everything else constant,

  Compare with single versus multiple bidders

How do the buyer's returns compare with the method of payment, and how do they compare with single versus multiple bidders.

  Explains in words and with graph

Suppose that clean srings water c ompany has a monopoly on bottled water sales in california. suppose that the price of tap water increases. which is the change in the profit maximisation price and level of output for CSWC. explains in words and..

  Equilibrium price and equilibrium quantity

Assume the technology for producing personal computers improves, and, at the same time, individuals discover new uses for personal computers so that there is a greater utilization of personal computers. Which if the following will happen to the equil..

  Tax cut also shifted the aggregate demand curve

One supply side measure introduced by the Reagan administration was a cut in income tax rates. Use an aggregate demand/aggregate supply diagram to show what effect was intended. What might happen if such a tax cut also shifted the aggregate demand cu..

  What is the gross rate of in ation

The equilibrium allocation is stationary over time. Write down the market-clearing condition for an arbitrary date t. Find the real rate of return of at money at the monetary equilibrium. What is the gross rate of in ation?

  Estimates for proposed small public facility

Estimates for a proposed small public facility are as follows: Plan A has a first cost of $50,000, a life of 25 years, a $5,000 market value, and annual maintenance expenses of $1,200. Plan B has a first cost of $90,000, a life of 50 years, no market..

  Values of the deposit multiplier and the money multiplier

Economists believe that the current values of the deposit multiplier and the money multiplier are widely divergent. Why might these values differ at present? What (if anything) do you think must happen for them to converge once again?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd