answersLogoWhite

0

How does lowering taxes help?

User Avatar

Anonymous

14y ago
Updated: 8/19/2019

Lowering taxes, either personal or corporate taxes, provides more capital in the hands of consumers or business ... capital for consumers to spend on the goods and services provide by business ... capital for businesses to grow, expand and hire.

User Avatar

Wiki User

14y ago

What else can I help you with?

Related Questions

How does having a business help with taxes?

Having a business can help with taxes by allowing you to deduct business expenses from your taxable income, potentially lowering the amount of taxes you owe. Additionally, certain business structures may offer tax advantages and incentives that can reduce your overall tax burden.


Does the Republican Party generally support lowering taxes?

yes


How did Charlemagne expand the Frankish Kingdom?

he expanded the empire by lowering taxes


Does the conservative party of Canada plan on lowering taxes?

Yes, and in fact they have already lowered several taxes on Canadian families.


What is Barack Obama lowering taxes for if you dont make how much a year?

he is the president


The new deal involved attempts to stimulate the American economy by what?

Lowering taxes.


How can lowering taxes stimulate the economy?

Businesses spend more and increase employment.


What will Mccain do for the economy?

Possible Presidency McCain would have lowers taxes for all Americans and increased tax breaks for business. Possibilities now... McCain will still fight for the policies that will help us by "lowering business taxes" (which will be against the future administration).


What was a part of Reagan's plan for pulling the US out of its economic slump?

Lowering income taxes.


How will cost of debt be affected by lowering of the corporate tax rate?

The cost of debt can be affected by lowering the corporate tax rate as it limits the amount of taxes which can be collected. Businesses generate billions of dollars each year but often pay only a small percentage of taxes.


The colonists' initial goal against the British was to?

The colonists initial goal against the British was for lower taxation. Instead of lowering taxes the British increase taxes. The increased taxes led to the Revolutionary war.


What did the reagonomics consist of?

Reaganomics were also commonly known as 'supply-side' economics. By lowering taxes on businesses, they would make more money, grow, and ultimately, pay more in taxes do to their bigger size.In short, lowering taxes would mean more revenue for the U.S.Did not work.