Problem
The informal or underground economy operates off the books and typically for cash. Estimates of the underground economy in the United States are usually less than 10%. William Lewis, however, reports that half of Brazil's workers labor in the "informal" sector.3 The Brazilian government represents nearly 40% of GDP, and corporations pay 85% of all taxes collected. Could lowering tax rates actually lead to higher tax revenues for the Brazilian government (a Laffer curve experiment)?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.