Personal income tax is progressive, Macroeconomics

Assignment Help:

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 offsetting legislative action is taken. Do you think this is attractive feature of the current tax system? Why or why not?


Related Discussions:- Personal income tax is progressive

Un employment, examine keynesian theory of un employment

examine keynesian theory of un employment

Firm wants to sell goods, If a firm wants to sell goods more often, would t...

If a firm wants to sell goods more often, would they prefer to produce a high quality good that will not wear out or one that will wear out faster. For example, what is the 'life e

Budget constraint, The consumer's utility function is u(x1,x2) = (x1) (x2)^...

The consumer's utility function is u(x1,x2) = (x1) (x2)^2 (a) Graph his budget constraint for p1 = 3, p2 = 2 and M = 900, and write down the equation for his budget line. (b)

Analysis, provide data and analysis for the real GDP (as total and per capi...

provide data and analysis for the real GDP (as total and per capita) and its growth rate then draw a graph and identify the periods of the Malaysia’s business cycle 2007 -2011

Price of new equilibrium, Explain the adjustment to the new equilibrium pri...

Explain the adjustment to the new equilibrium price from an increase in demand.

Assignment , I want you to solve problem in Macroeconomics.It is in the fil...

I want you to solve problem in Macroeconomics.It is in the file attachment.

Peers for a country, What are the best criteria to select peers for a count...

What are the best criteria to select peers for a country ?

What are the advantages of regional integration, Benefits of Regional Integ...

Benefits of Regional Integration Most economic experts cite that regional integration permits disadvantaged countries to realize economies of scale, vie on a broader (often gl

Difference between accounting profit and economic profit, What is the diffe...

What is the difference between accounting profit and economic profit? Accounting Profit: The accounting profit of a business is the revenue of business minus the explicit

.sohkhlet, What do is and LM curve signify?

What do is and LM curve signify?

Write Your Message!

Captcha
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