Does economics indicate that this change will help americans

Assignment Help Macroeconomics

Reference no: EM13242205

1) During the past five decades, there has been a shift in the composition of the federal budget toward more spending on income transfers and health care and a smaller share for national defense. Does economics indicate that this change will help Americans achieve higher living standards? Discuss

2)Because the structure of the personal income tax is progressive, a larger share of income is taxed at higher rates as real income increases. Therefore, economic growth automatically results in higher taxes unless off-setting legislative action is taken. Do you think this is an attractive feature of the current tax system? Why or why not?

3) Compared with the situation before 1981, the marginal tax rates imposed on individuals and
families with high incomes are now lower. What was the top marginal personal income tax rate in 1980? What is the top rate now? Are you in favor of or opposed to the lower marginal rates? Why?

4) Can democracy survive if a majority of the citizenry pay little or nothing in taxes while benefiting directly from a higher level of government spending? Why or why not? Discuss.

Reference no: EM13242205

Questions Cloud

Calculate the work done on system : If the internal energy of a system increases as the result of an adiabatic process, Calculate the work done on or by the system in part (a) if its internal energy increases by 700J

If the price per visit is given to be $25, at what level of : If the price per visit is given to be $25, at what level of visits will the maximum profit position be?What are the profits at this level?

Calculate the speed of a proton and electron : Calculate the speed of a proton after it accelerates from rest through a potential difference of 170V, Calculate the speed of an electron

At what output and price will firm maximize total revenue : (b) At what output and price will the firm maximize total profit (c) Compare the maximum profit obtainable with the profit that the firm would have if it chose a revenue-maximizing strategy.

Does economics indicate that this change will help americans : Can democracy survive if a majority of the citizenry pay little or nothing in taxes while benefiting directly from a higher level of government spending? Why or why not? Discuss.

Which firms product provides the greatest value created : Two firms, Alpha and Beta, are competing in a market in which consumer preferences are identical. Alpha offers a product whose benefit B is equal to $100 per unit. Beta offers a product whose benefit B is equal to $75 per unit

How much heat is transfered from the water : A bottle containing 5 kg of water at a temperature of 15C is placed in a refrigerator, How much heat is transfered from the water to cool it to 1C

What must and entrepreneur do to earn a profit : What must and entrepreneur do to earn a profit? (2) How do the actions of firms earning profits influence the value of resources? (3) What happens to the value of reseources when losses are present?

What would happen to the firms initial cost curves : Explain what would happen to the firm's initial cost curves if the plan instead requires this firm to provide a $100,000 group program that covers all of its employees, regardless of the number of employees

User Account

All Pages