Need help with economics questions! (1 Viewer)

[x.Exhaust.x]

1. Explain two advantages of a progressive tax system.
2. Explain two economic benefits of reducing marginal rates of taxation on personal income.

Will be posting more up!

 

[michael1990]

1. Explain two advantages of a progressive tax system.
2. Explain two economic benefits of reducing marginal rates of taxation on personal income.

Will be posting more up!

1.

• The GINI coefficient will decrease (closer to the line of equality)
• Higher amounts of revenue for the government, which will increase the government expenditure.

2.

• Higher disposable income
• Increased Economic Growth.

 

[x.Exhaust.x]

1.

• The GINI coefficient will decrease (closer to the line of equality)
• Higher amounts of revenue for the government, which will increase the government expenditure.

2.

• Higher disposable income
• Increased Economic Growth.

Thanks Michael. I wish you posted earlier, as I had my Eco exam yesterday lol. But thanks anyway

 

[jellybelly59]

Thanks Michael. I wish you posted earlier, as I had my Eco exam yesterday lol. But thanks anyway

lol how was it anyway? were those questions on the exam?

 

[x.Exhaust.x]

lol how was it anyway? were those questions on the exam?

It was good . And neither of those questions were in the exam, thankfully :rofl: