0
Inflation is too much money chasing too few goods. If the new revenue from raising taxes is used to pay down debt, raising taxes can help control inflation by reducing discretionary income.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
Why were the colonists so against paying taxes to England?
because England kept raising taxes and putting taxes on new things and the colonists moved away from England to get away from high taxes
Why did the tea of Boston got dumped?
because they were mad about the british raising the taxes. so they dumped the tea
Why did Jefferson think the colonies should not obey king George?
Because he was raising taxes and not giving them rights.
How did raising taxes affect the economy during the Great Depression?
raising taxes affected the economy by making it worse for people to live because they couldn't afford anything in the first place so how were they supposed to pay taxes.They were raised to strengthen the economy
Why did tea party take place?
people were raising taxes
The severe inflation of the 1970s was largely caused by?
lyndon johnson's efforts to maintain yhe vietnam war and great society programs without raising taxes
Why are state legislators hesitant to raise taxes?
Because it is unpopular. Raising taxes is a good way to undermine re-election.
Why vote for John McCain?
because he would be a good president without raising taxes!!!
Why doesn't raising taxes make the economy better?
because things get more expensive
Why would a country in a state of war suffer high inflation rates?
Government raises taxes to pay for the war. People retaliate by raising their prices to keep making the same amount of money.
Why were the colonists so against paying taxes to England?
because England kept raising taxes and putting taxes on new things and the colonists moved away from England to get away from high taxes
Savings, Taxes, and Inflation?
Savings, Taxes, and Inflation The value of your savings can be affected by both taxes and inflation. Use this calculator to determine how much your savings will be worth with this in mind. Click the "View Report" button to get more information and a year-by-year savings schedule.
Why did the tea of Boston got dumped?
because they were mad about the british raising the taxes. so they dumped the tea
Why did Jefferson think the colonies should not obey king George?
Because he was raising taxes and not giving them rights.
Why does government uses indexing to revise tax brackets so that workers do not pay higher taxes just because what?
Of inflation
What was the key idea of the Magna Carta?
The key idea was to make King John stop raising taxes because he needed money to raise an army to get back his lands that he lost control of. The rebellious barons made him sign it.
Will Gery Chico rase the taxes?
No, he strongly didn't believe on raising taxes.
