If the Government revised its progressive income tax schedule to include a marginal tax rate of 80 percent, would you like to be in that tax bracket? Explain. What is the optimal capital gains tax rate for maximizing government tax revenue? Which of the following taxes ...
tax reform reduced the marginal tax rate for those in the lowest tax bracket by 5 percentage points and reduced the marginal tax bracket for those in the highest tax bracket by 4.6 percentage points, whereas the marginal tax rates for those in the middle three tax brackets were reduced by ...
rate that applies to the next additional increment of taxable income or deduction, usually in the bracket if no change in income marginal tax rate equation change tax/ change taxable income (new- old) average tax rate important for policy, level of tax on each $ of taxable income average ta...
this 'ine' is not taxable with reason stated as above. This is an excluded ine. Ine - Less excluded ine with no bracket. We use bracket to mean a minus, a dubtraction from the total. Now, a word 'Less' has been used, so no more need to put a bracket in the Exc...
If the Government revised its progressive income tax schedule to include a marginal tax rate of 80 percent, would you like to be in that tax bracket? Explain your reasoning. (we are in the 25% tax bra Explain: "The Laffer Curve" and its implications for tax policy. Which ...
TDS isalso deducted on interest earned or accrued, but not yet paid, at the end of the financial year.If you have gone for cumulative option in FD which pays interest at maturity still interest would be earned every year and TDS if applicable would be deducted though you DID NOT get the...
When a taxpayer states that she is in the 15% tax bracket, she is referring to her: A. marginal tax rate B. nominal tax rate C. average tax rate D. nominal tax rate What do you think would be a better way to collect taxes for a...
What is the tax due to this individual on the $1,000 of dividend income from corporate stock if the person is filling single and is in the 32% marginal rate bracket? Show work. With a taxable income of $332,000, what it the effect...
What is the tax multiplier for a lump sum tax in this case? a) - 0.1 b) - 9 c) - 10 d) - 90 e) - 100 If the Government revised its progressive income tax schedule to include a marginal tax rate of 80 percent, would you like to be ...
We could have a top tax bracket of 100% as FDR proposed and still collect t According to traditional Keynesian analysis, why does a tax cut have a smaller effect on GDP than a similarly sized increase in government spending? Why might the opposit...