COLLAPSE Overall Rating: 12345 12345 There has been discussion about whether theessayblazers.com

2022-05-31 16:43:12COLLAPSE
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There has been discussion about whether theessayblazers.com
Place your order now for a similar assignment and have exceptional work written by our team of experts, At affordable ratesFor This or a Similar Paper Click To Order NowCOLLAPSEOverall Rating:1234512345There has been discussion about whether the Tax Cuts and Jobs Act that took effect in 2018 is increasing tax revenue. Tax revenue can be thought of as an average tax rate multiplied by taxable income. If the average tax rate falls while taxable income stays the same, tax revenue will fall. But what if the tax cuts increase taxable income? The major schools of thought in macroeconomics (Keynesians and Neoclassicals) believe that tax cuts increase economic growth. Economic growth increases taxable income. Our economic growth before the pandemic brought unemployment down to historically low levels.Start your discussion by responding to these questions:Do you think that tax cuts increase economic growth and taxable income so much that tax revenue increases?Or do you think that tax cuts reduce tax revenue? Explain your answers.Be sure to respond to at least one of your classmates’ posts and share your thoughts about their opinion.For This or a Similar Paper Click To Order NowRelated
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