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∙ 15y agoIt depends on who gets the tax reduction. When poverty stricken people receive a tax reduction, the money stays in their community. The latest experiment with trickle down economics did something else. A number of rich people invested their money in opportunities in China and India. The money trickled down to the people in those countries. It did not increase anyone's income in the United States except the original recipient.
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∙ 15y agoreagonomics
Disposable income
1998
Income Tax
a dollar amount that reduces the amount of taxable income
GDP would be the amount of gross income a person or company receives. This would be the amount of income minus the amount of expenditure on things like bills.
The total amount that households and businesses receive before taxes and other expenses are deducted is called aggregate income.
The tax rates on household income.
progressive
progressive
there is no answer hahahaha / oh very intelligent - well done !!
Personal taxation is a amount taken by the Government or State from an individuals income. A cut in taxes would mean that people effectively have more income, therefore more income can be spent on goods and services. This ability for consumers to spend more means that they will demand more, shifting the aggregate demand curve to the right. It is the same in a business sense. If there was to be tax cuts for businesses, businesses have the ability to spend more in turn increasing aggregate demand. ~MB
Expansionary fiscal policy is an increase in government spending or a reducing in net taxes which increase aggregate output/income (Y). +G or -T = +Y
It is the output of an economy that equates aggregate supply with aggregate demand.
Expansionary fiscal policy is an increase in government spending or a reducing in net taxes which increase aggregate output/income (Y). +G or -T = +Y
No, an increase in the tax rate only affects a positive income; at break even there is no amount to tax
No not as a tax reduction. But when your 1040 federal income tax return using the schedule D of the 1040 is completed correctly and you have a capital loss on the sale of the stock it is possible that the limited amount of the loss would reduce your taxable income amount and thus could cause a reduction in your income liability when you get to the to page 2 Line 44 of your 1040 federal income tax return. Today is July 28 2010.