In 2012, Republican presidential candidate Mitt Romney proposed a decrease in the tax rates on dividends and capital gains for most taxpayers. Would these changes make sense in terms of the Haig- Simons definition of income? What effects do you think these changes will have on behavior?
Answer to relevant QuestionsIn 1968, the Supreme Court ruled that citizens can sue to stop the government from spending that violates the Constitution. In a recent 5– 4 decision, the Court ruled that a tax credit that can be used for tuition payments ...Under current law, employer provided health care benefits are excluded from taxation. Use an indifference curve analysis to model the impact of eliminating the exclusion upon the amount of health care benefits. In an economy, the supply curve of labor, S , is given by S = 100 + 200wn where w n is the after tax wage rate. Assume that the before tax wage rate is fixed at 10. a. Write a formula for tax revenues as a function of the ...A law passed in 2009 allowed homebuilders to offset their losses incurred in the weak housing markets of 2008 and 2009 against profits the companies booked as far back as 2004 (when the housing sector was booming). Prior to ...Zach lives two periods. He earns $ 10,000 in the first period and nothing in the second period. The rate of return is 10 percent, and there is an income tax (applied to labor and interest earnings) of 50 percent. Zach ...
Post your question