User Account

All Pages

What do you think about this proposal

Assignment Help Macroeconomics
Reference no: EM13314658

Some politicians have proposed changing the way social security benefits are taxed. One proposal would increase the amount of Social Security benefits included in gross income to 100 percent. A tax rate of 100 percent would then apply for some high-income individuals effectively preventing them from receiving benefits. What do you think about this proposal?

Reference no: EM13314658

Questions Cloud

Jason owns a computer repair shop. jason needs some repair : Jason owns a computer repair shop. Jason needs some repair work done on his company car, so he agrees to repair the computer at Bob's Auto Repairs in exchange for fixing the car.
Judge hearing this case how would you rule : Walter used the cash method to account for income from his cattle ranch. During an audit in year 3, the IRS auditor discovered a document from a customer indicating that Walter sold 115 head of cattle to the customer two years earlier for $77,000.
Explain all the tax consequences of these events for both : Joe owes Willy $5,000 from an old gambling debt. Joe knows that there is no way he can repay the debt in the near future. He asks Joe if he will take a $25,000 life insurance policy that has a cash surrender value
What the income tax ramifications of alimony structured in : John and Mary are divorcing. John is demanding that Mary pay him $75,000 of alimony in the first year after the divorce, $50,000 in the second year, and $25,000 in the third and all subsequent years until he dies or remarries. What
What do you think about this proposal : Some politicians have proposed changing the way social security benefits are taxed. One proposal would increase the amount of Social Security benefits included in gross income to 100 percent
Why do you think companies invested in this janitor insurace : Your friend tells you that she read an article about something called “janitor's insurance.” The article said that companies took out life insurance policies on some, if not all, of their employees
State income tax of 5 percent in addition to the federal inc : Mango Corporation has before-tax income of $450,000 and is subject to a state income tax of 5 percent in addition to the federal income tax. What is Mango’s after-tax cash flow?
How much must alana and mac include in gross income : Mac gives his daughter, Alana, 600 shares of Highgrowth stock. Mac purchased the stock 10 months ago at $20 per share. On the gift date, the stock is worth $35 per share
How much does myra include in gross income : Myra receives a $20,000 gift from her cousin and inherits $80,000 in corporate bonds from her Aunt. Myra receives $7,000 in interest income from the bonds. How much does Myra include in gross income?

Reviews

Write a Review

Macroeconomics Questions & Answers

  What can infer about elasticity of demand for taxicab rides

Taxicab fares in most cities are regulated. Several years ago taxicab drivers in Boston obtained permission to raise their fares 10 percent, and they anticipated that revenues would increase by about 10 percent as a result.

  What is the current one-year nominal rate of interest

The one-year real rate of interest is currently estimated to be 3 percent. The current annual rate of inflation is 2 percent, and market forecasts expect the annual rate of inflation to be 5 percent. Approximately, what is the current one-year nom..

  Illustrate what are the three major categories of revenues

Illustrate what are the three major categories of revenues for the federal government. Please comment on each and indicate their relative importance to each other.

  Encourage the optimal price of chocolate production

If the government of Amityville used a subsidy of $S per unit to encourage the optimal amount of chocolate production, illustrate what level should that subsidy be.

  Difference between supply-side and demand-side economics

What is the difference between supply-side and demand-side economics? How do the above concepts fit into these definitions? Which do you agree with most as a solution to stimulating growth, and why?

  Production and profit decisions of firm

A firm uses a single plan with costs C = 160 + 16Q + .1Q 2  and faces the price equation P = 96 - .4Q. The firm's production manager claims that the firm's average cost of production is minimized at an output of 40 units.

  As per what circumstances would the net welfare

As per what circumstances would the net welfare loss from an import quota exceed the net welfare loss from an equivalent tariff.

  Do the profits of shoemakers change by more in the short run

Suppose the government institutes a new sales tax on shoes, which are produced by a competitive constant-cost industry. a. Does the price of shoes change by more in the short run or in the long run b. Does the industry-wide quantity change by more in..

  What effect should the factors have on export trade

If unit labor costs in Spain and Portugal rise, but unit labor costs in Germany decline and other producer prices remain unchanged, what effect should these factors, by themselves, have on export trade, and why

  Explain how could government make a choice

Explain how could government make a choice among two health effects.

  Equilibrium price and quantity of gasoline

The demand and supply curves for gasoline (in billions per year) are given below. Using the equations, find the initial equilibrium price and the quantity in the market for gasoline.

  Assume that a borrower and a lender agree

Assume that a borrower and a lender agree on the nominal interest rate to be paid on a loan.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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