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Using the information on the web site for the Social Security Administration. What percentage of earnings are replaced in each case?
What is a federal government budget deficit? What is the national debt? How does a budget deficit affect the economy?
Evaluate this proposal from both efficiency and equity perspectives. How would you decide how much to increase the fee?
How should the cost of each of the following services be distributed? What role can fees and charges play in each instance?
How might these differences affect decisions about locating multinational firms in each country? Would certain types of industry be more sensitive to taxes?
Behavioral economics. What aspects of the property tax contribute to making it more unpopular than income and sales taxes?
At an interest rate of 6 percent, how would this tax increase affect the market value of this property?
What are the incentive and disincentive effects of an estate and/or inheritance tax on work, saving, consumption, and investment?
Summarize the arguments about the regressivity or progressivity of the property tax. How might you attempt to verify which view is correct?
What are the costs and benefits of limiting a property tax to real property (land and buildings) instead of expanding it to include other forms of wealth?
What kinds of firms or individuals might be attracted to a country, or state, that relies primarily on sales taxes as opposed to income and payroll taxes?
What role might tastes and preferences, or addiction, play in each case?
What if the VAT instead replaced the state retail sales tax? Who would be the gainers and losers in each case?
How much additional revenue can you expect in the first year, ignoring any growth in population of smokers? By how much will smoking be reduced?
What are the advantages and drawbacks of the United States relying so heavily on income taxes?
What role do motivation and limitations on information acquisition and processing (cognition) play in each case?
There the challenge was what publicly owned capital belonged in the private sector, how to transfer assets into private hands?
How would you devise a set of rules that balances the concerns of overspending with the need for flexibility during economic downturns at central government?
Would the availability of competing private recreational facilities be a factor in your financing plan?
Many states also exempt interest on municipal bonds from state income taxes if those bonds are issued by that state. What is the taxable equivalent yield?
What are advantages and disadvantages to a local government of issuing general obligation rather than revenue bonds? What about from the buyer's perspective?
which is similar to the United States in income level and federal structure. How does the spending mix differ? What factors might account for that difference?
What methods might be used to limit growth of government that results from incentives for bureaucrats to try to grow their own agencies?
Policy application. You have been asked to design a tax and spending limitation for a state government. What features might you choose to incorporate?
Using the Economic Report of the President as a data source, calculate the per capita, inflation-adjusted level. What factors might account for that change?