Calculating the location in assessing tax policy
Why is calculating the location where the economy is on the curve so significant in assessing tax policy?
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The complicated decision involves the analysis to find out what is the optimum tax rate for creating maximum tax revenue and the associated maximum economic output level. Laffer argued that low tax rates would in fact increase revenues since low rates enhanced productivity, saving and investment incentives. The expansion in output and employment and therefore, revenue, would more than compensate for the lower rates.
Why do national income accountants comprise only final goods in measuring net output GDP in a specific year? Why don't they comprise the value of stocks and bonds bought & sold? Why don't they comprise the value of utilized furniture bought and so
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Sinking Fund: It is a fund or account in which money is deposited at customary intervals to offer for the retirement of bonded debt.
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