The Tax Reform Act of 1986 was designed to reduce the marginal tax rate (the tax rate
Question:
The Tax Reform Act of 1986 was designed to reduce the marginal tax rate (the tax rate on the last dollars earned) while eliminating enough deductions and loopholes so that total revenues collected by the government could remain constant.
Analyze the work-incentive effects of tax reforms that lower marginal tax rates while keeping total tax revenues constant.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (4 reviews)
An important concept to understand when answering this question is what is known as the marginal tax rate This is the tax rate that you pay on an additional dollar of income Therefore when marginal ta...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Modern Labor Economics Theory And Public Policy
ISBN: 9780132540643
11th Edition
Authors: Ronald Ehrenberg, Robert Smith
Question Posted:
Students also viewed these Business questions
-
1. On a graph of the labor market, show the effects of an increase in the payroll tax. 2. On a graph of the labor market, show the effects of a negative shock to technology on wages and employment....
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
The precursor to the Alternative Minimum Tax enacted by the Tax Reform Act of 1986 was the minimum tax, which was originally enacted in 1969. Find a website that discusses the rationale for the 1969...
-
Let y vary directly with x. Complete the following. Find y when x = 1, if y = when x = 3.
-
Write a research document on data protection
-
A box of volume \(V\) has a movable partition separating it into two compartments. The left compartment contains 3000 particles, the right one contains 1000 particles, and initially the partition is...
-
Two of the three wires in Figure P28.8 carry current \(I\), and the third wire carries current 6I. The location labeled \(\mathrm{P}\) is a distance \(d\) from cach of the wires carrying current...
-
Information for Blake Corporations property, plant, and equipment for 2010 is Depreciation Method and Useful Life Building: 150%-declining-balance; 25 years. Machinery and equipment: Straight-line;...
-
One key feature of Sage 50 Accounting software, it implements user access controls to restrict access to sensitive financial data. Maintain the security of financial information with password...
-
The current UI program in the United States gives workers $X per day if they are unemployed but zero if they take a job for even 1 hour per day. Suppose that the law is changed so that UI...
-
Suppose there is a proposal to provide poor people with housing subsidies that are tied to their income levels. These subsidies will be in the form of vouchers the poor can turn over to their...
-
Georgia Company, a merchandiser, recently completed its calendar-year 2009 operations. For the year, (1) All sales are credit sales, (2) All credits to Accounts Receivable reflect cash receipts from...
-
Describe two things the nfl has done in order to market to female fans Describe two ways in which the nfl has alienated female fans.
-
describe the real culture of the Sarto Group (not Slade Plating overall) . Specifically, What are the primary 3-5 enacted values of the Sarto Group? (Provide examples of artifacts, behaviors, etc) to...
-
A hospital has identified nonrandom variations in medical errors. These errors are directly related to patient falls. Draw a flow chart showing under what circumstances a patient might fall. Assume...
-
Select topic area of interest that has relevant case law and law review articles available for study - Identify a legal issue. Select your topic wisely as you will use the research you conduct on...
-
Complete the table by naming the internal or external source to the WHS Information, and the steps for accessing the source. These may be found on either the AWL website or by conducting independent...
-
Describe how the three types of work interdependence could each lead to conflict between two groups within a specific student organization youre familiar with.
-
One of the significant and relevant accounts for this cycle is equipment. For this account, what would typically be the most relevant assertions for the auditor to consider? Why is it important for...
-
How does decisionmaking under bounded rationality differ from that done under rational decisionmaking ?
-
Choose one of the common decision-making biases that you have either personally experienced or which you are guilty of and describe the following: (1) what error was involved, (2) what were the...
-
Ask the class members to think of places they have worked or organizations they have been associated with. They should identify decisions that they observed being made by people within the...
-
ABC Company purchased office supplies on account during the month of April for $2,600. Payment for the supplies will be made in May. On April 1, the balance in the supplies account had a balance of...
-
Think about how gender roles affected the musical lives of Fanny Mendelssohn Hensel ?and Clara Wieck Schumann. How did these roles affect their careers (or lack thereof) in performance and...
-
Prepare a cost report that lists the value-added, non-value-added, and actual costs for each activity. Which activities are non-value-added? Explain why. Also, explain why valueadded activities can...
Study smarter with the SolutionInn App