If the issue is equity, how can you justify a head tax on income, a proportional tax on income, and a progressive tax on income?
Answer to relevant QuestionsUnlike direct income taxes and sales taxes, social security taxes are earmarked. What does that mean? Some economists believe that the public debt may be detrimental to the economy's growth. Explain. Many Detroit autoworkers do not buy the argument that everybody gains in international trade. What's their point? Suppose the United States allowed Japan free trade privileges in the U.S. market. What would happen to the equilibrium price and total quantity of VCRs bought and sold in the U.S. market? How can the government fix an exchange rate? Discuss the limitations that a government faces in maintaining a fixed rate
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