What other economic factors are affected when taxes raised

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What happens to the economy when the government raises and lowers taxes

What happens to net personal income when the government raises taxes? When the government lowers taxes?

How is GDP affected by higher taxes? Lower taxes?

What other economic factors are affected when taxes are raised or lowered, and how are they affected?

Should the government increase tax rates on everyone as a way to equalize incomes and wealth?

Reference no: EM13159410

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