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how do provides taxes to economy
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∙ 10y ago
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Where does the government get money to pay for all the services it provides?
taxes
Does Malaysia is a mixed economy country and what are the examples if it a mixed economy?
It is a mixed economy because we pay taxes
Why were taxes cut in 1964?
to stimulate the economy
What are taxes used to pay for?
to improve the economy
What are the effects of taxes on the economy?
it creates a balance
How does supply-side ecnomists argue that cutting taxes will benefit the economy?
Cutting taxes would result in more jobs, a more productive economy
Did JFK lower taxes?
He proposed lower taxes as a way to stimulate the economy
When does the laffer curve work?
in an economy of pent up demand, lowering taxes for the wealthy provides additional dollars for private sector investing. The investment is multiplied through the economy ultimately creating higher productivity, higher employment, higher wages, and higher total tax revenues as a result. however, in a low demand economy, reducing taxes does not have a multiplier effect because dollars are simply saved and not invested into the economy. search on YouTube for clifcar for more details.
What economy is part of the economy based on odd jobs that people perform with government regulation through taxes?
Informal Economy
Why were income taxes cut in 1964?
to stimulate the economy
What are some benefits the informal economy provides?
i can get this
What are some of benefits the informal economy provides?
i can get this
