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What happens to net personal income when the government lowers taxes?
Wiki User
∙ 11y ago
your net income increases, but your income tax decreases
Wiki User
∙ 11y ago
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What happens to a net personal income with the government lowers taxes?
If the government lowers your taxes your NET income increases.
What happens to net personal income when government lowers taxes?
your net income increases, but your income tax decreases
When the government lowers the income tax to stimulate the economy it is an example of what kind of policy?
monetary policy
What happens to the monetary base if the central bank lowers the discount rate?
If central bank lowers discount rate prices will go up and it will be monetarily more expensive.
What is the benefit of claiming yourself as an exemption?
Each exemption is equal to an amount of income that is "exempted" from taxation. Hence it lowers your taxable income and therefore tax.
What happens when you put water in vodka does it do anything?
it lowers the alcohol percentage.
I am working on my tax return and want to know how interest affect refunds.?
The income that was paid to you on an 1099-INT is taxable income. The interest paid to you will increase your overall income, which lowers your refund amount.
If unemployment is high and the federal government spends more and lowers taxes the government is utilizing what policy?
fisical policy
What happens wean you mix tomato sauce and baking soda?
It lowers the acidity of the tomato
What happens to the temperature of snow when sugar is added?
lowers down due to addition of impurities
What are the advantages of claiming depreciation on rental property?
It lowers your taxable income and therefore lowers your taxes.You are going to have to pay taxes on all depreciation "allowed or allowable" when you sell the property, so you might as well take advantage of it.
What happens when SO2 dissolves in rainwater?
SO2 is an acid gas.It lowers the pH value of water.
