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No, in fact if the government takes less of your taxes it allows you to spend more of the money you earn. When you spend more, you help more businesses and with everyone doing that, the general economy inproves. But some politicians want to increase taxes, leaving you with less money and hopefully leaving you more dependant on the government so that you'll start to believe that the only way to survive is to depend on the government... thereby supporting a "tax and spend" policy. Personally, I'd rather be in charge of supporting myself.
Wow, all that Republican dribble at the end would be considered an opinion and it contradicts what others who have graduated from Econ 101 would consider fact.
The answer to your question is:
No, tax deductions and disposable income have an inverse relationship. As one increases, the other decreases.
What else can I help you with?
Which of these is the amount of income individuals have after they save and pay their taxes?
Disposable income
What is the percentage sallie Mae can garnish from you per garnishment?
Up to 25% of your disposable income. Disposable income is gross - taxes.
Where can one find disposable income?
Disposable income is defined to be income that is available for spending and saving after all taxes have been accounted for. Therefore, disposable income is a result of any income in a general sense. One needs to have a source of income such as a job to have more disposable income.
To calculate disposable personal income you take personal income and subtract what?
individual income taxes
What is the different disposable income and discretionary income?
Formulas are: Disposable income = consumption expenditure + savings - support of others; Discretionary income = Gross income - taxes - necessities. Although denotatively wrong, disposable income is commonly used to denote discretionary income.
What is the between disposable income and discretionary income?
Formulas are: Disposable income = consumption expenditure + savings - support of others; Discretionary income = Gross income - taxes - necessities. Although denotatively wrong, disposable income is commonly used to denote discretionary income.
The amount of money a person has left of his or her income after taxes is called?
disposable personal income
What is the amount of money a person has left on his or her income after taxes called?
disposable personal income
What is the amount of money a person has left of his or her income after taxes called?
disposable personal income
To calculate disposable personal income you take personal income and subtract which of the following?
To calculate disposable personal income, you take personal income and subtract personal taxes. Disposable personal income represents the amount of money individuals have available for spending and saving after accounting for taxes. It reflects the income that can be used for consumption or saved for future use.
What is the difference between disposable income and discretionary income?
Formulas are: Disposable income = consumption expenditure + savings - support of others; Discretionary income = Gross income - taxes - necessities. Although denotatively wrong, disposable income is commonly used to denote discretionary income.
What is the different between disposable income and discretionary income?
Formulas are: Disposable income = consumption expenditure + savings - support of others; Discretionary income = Gross income - taxes - necessities. Although denotatively wrong, disposable income is commonly used to denote discretionary income.
