Asked by Sabrina Benavides on Jun 20, 2024
Verified
Supply-side economists believe that,if the marginal tax rates are high,we can raise tax revenue by _______.
Supply-Side Economists
Economists who believe that reducing taxes and decreasing regulation will stimulate economic growth by encouraging investment, production, and employment.
Marginal Tax Rates
The rate at which the next dollar of taxable income will be taxed, reflecting the percentage of additional income that is paid in tax.
- Acquire insight into the principles of the Laffer curve and its consequences for fiscal policy and government earnings.
Verified Answer
KH
Learning Objectives
- Acquire insight into the principles of the Laffer curve and its consequences for fiscal policy and government earnings.