If you could vary the percentages what would be your mix

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Reference no: EM131967970

During the last presidential election, one of the canidates mentioned flat taxes for wages, capital gains and consumption (sales/VAT). The total Gross National Product of the United States is around 17T (Trillion) dollars. If that $17T is made up of $9T in wages, $2T in Capital Gains and $6T in sales,

a) If that $17T is made up of $9T in wages, $2T in Capital Gains and $6T in sales, what equal percentage is needed to meet the US budget of $4T?

b) If you add $2T for debt service what are the equal percentages?

c) If you could vary the percentages, what would be your mix?

Reference no: EM131967970

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