Flat rate tax on income

Assignment Help Microeconomics
Reference no: EM1374979

How would income distribution and resource use change if a flat rate tax on comprehensive income were substituted for current progressive income tax in United States?

Reference no: EM1374979

Questions Cloud

Finalizing an international investment : Economic and political stability are most important factors to be considered when finalizing an international investment.
Concept of price ceiling and price floor on a market : Show the effects of a price ceiling and a price floor on a market. As for what happens with valuing is different than equilibrium, a rate Floor is Minimum wage where wage rate is bigger than the rate at equilibrium.
Reducing poverty and improving human welfare : Discuss why is increasing per capital income necessary but not sufficient for broadly dipping poverty and improving human welfare?
Economic technological revolution : Select 5-innovations associated with Industrial Revolution and five innovations from Technological Revolution. For each innovation, recognize the effects it had on individuals, societies, businesses, and politics.
Flat rate tax on income : How would income distribution and resource use change if a flat rate tax on comprehensive income were substituted for current progressive income tax in United States?
Determine dissociation energy of molecule : Identify the orbitals to which a 4d electron may make an emission transition in the hydrogen atom and determine the dissociation energy of the molecule
Surveying employee opinions : June 26 2008 -  A recent opinion through Opinion Research Corporation found that many United States businesses are missing out on vital feedback and ideas from their own workforces.
Property tax effect on foreign investment : Assume you were appointed economic adviser to a less developed country in Africa. The country seeks to encourage capital formation and wants to raise the rate of saving of its own residents and encourage foreigners to invest in their country.
Perform financial analysis of a public company : How does the above relate to the market that the business is in, i.e. need to perform competitive and economic analysis and macro economic analysis is company's sales cyclical or counter cyclical for example

Reviews

Write a Review

Microeconomics Questions & Answers

  Environmental externalities

Sometimes market activities have unintended positive or negative effects outside the market scope called externalities. As a rule maker concerned with correcting effects of gases

  Question on optimal pricing strategy

Optimal pricing strategy varies significantly across different market structures. The pricing guidelines in a monopoly market are relatively straightforward. Since the company is the only producer offering the product, it can mark-up the price as ..

  Determine the maximum possible increase in money supply

The Federal Reserve buy $100 million worth of government securities in open market. If the required reserve ratio is .6, determine the maximum possible increase in the money supply?

  Examples of market structures

Give a specific example for each ( US Companies ). Which one is better market from the stand point of producers? Which one is better market on the stand point of consumers?

  Determining fixed-marginal and average costs

Consider a firm with total short-run cost function C=a+b.Q. New legislation means that it should pay an environmental tax which is the fixed sum, independent of whether it produces any output.

  Main outcome of economics

Is the main outcome of economics (high standard of living) the only relevant question in the realm of economic analysis? Do you agree? Is quality of life also significant?

  Concept of elasticity

Evaulate the price elasticity of demand for subway rides. The subway fare in your town has just been increased from the current level of 50 cents to $1.00 per ride.

  Determining monoply market structure

The water company is privately owned and is the only water company in town. It is licensed and franchised by city for a 10 - year term, just renewed.

  Find total revenue

Find Total Revenue or profit

  Estimating the npv

Given a uniform rate of interest of 9% and a uniform life of the projects of 10 years each, calculate the NPVs of each Project. Should we choose Projects A, C, D or Projects A, B, D. Describe

  Computing optimal output of competitive firm

It is supposed that the liquid soap market is perfectly competitive and current price of a case of liquid soap is $42.00. The firm has estimated it's marginal cost function to be as follows: MC=0.006Q.

  Equilibrium price and quantity change

Assume a decrease in consumers' incomes causes a decrease in the demand for chicken and an increase in the demand for potatoes. Which good is inferior and which is normal? Explain your reasons.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd