
Microeconomics 14th Edition by James Gwartney ,Richard Stroup,Russell Sobel ,David Macpherson
Edition 14ISBN: 978-1305506893
Microeconomics 14th Edition by James Gwartney ,Richard Stroup,Russell Sobel ,David Macpherson
Edition 14ISBN: 978-1305506893 Exercise 3
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 an attractive feature of the current tax system? Why or why not?
Explanation
No , the current tax system is not attra...
Microeconomics 14th Edition by James Gwartney ,Richard Stroup,Russell Sobel ,David Macpherson
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