How much individuals and businesses pay in taxes

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Reference no: EM133709089

Assignment:

Respond to this diiscussion Developing government budgets and tax policies involves assessing revenue needs, prioritizing spending, and considering economic goals.

In the USA, this process typically involves Congress and the President. Tax policies determine how much individuals and businesses pay in taxes, impacting their disposable income and investment decisions. Government spending affects businesses through contracts and subsidies, influencing sectors like defense and healthcare. Overall, these policies shape the economy by influencing consumption, investment, and economic growth.

Reference no: EM133709089

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