By how much did the disposable income of rich people decrease as a result of the 2012hike
Question:
By how much did the disposable income of rich people decrease as a result of the 2012hike in the top marginal tax rate from 35to 39.5 percent? Assume they have $2 trillion of gross income in the highest bracket.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 86% (15 reviews)
92 billion Feedback Assuming that rich people have 2 trillion of gross income ...View the full answer
Answered By
Branice Buyengo Ajevi
I have been teaching for the last 5 years which has strengthened my interaction with students of different level.
4.30+
1+ Reviews
10+ Question Solved
Related Book For
The Macro Economy Today
ISBN: 978-1259291821
14th edition
Authors: Bradley R. Schiller, Karen Gebhardt
Question Posted:
Students also viewed these Business questions
-
Between 1997 and 2000, by how much did the dollar appreciate (Figure 20.3)?
-
1. If Becky itemized personal expenses, how much can she deduct? How much is her standard deduction? Should she itemize or take the standard deduction? 2. Using the schedules in Figure, and taking...
-
Refer to the Summary Problem for Your Review, specifically the unadjusted trial balance on page 86. Required 1. Write the company's accounting equation and label each element as a debit amount or a...
-
Define the term CHAMPERTY
-
The speed at which water travels in a pipe can be measured by directing the flow through an elbow and measuring the height to which it spurts out the top. If the elbow height is 10 cm, the equation...
-
In Section 6.10 we compared the noise performances of coherent binary PSK, coherent binary FSK, QPSK, MSK, DPSK, and non-coherent FSK by using the bit error rare as the basis of comparison. In this...
-
Can a duty to care be established by statute or contract? Discuss your answer.
-
XYZ is a calendar-year corporation that began business on January 1, 2015. For 2015, it reported the following information in its current year audited income statement. Notes with important tax...
-
Suppose the intrinsic futures price is GREATER than market futures price. As a speculator, should you buy or sell futures contract? Explain
-
A liquid mixture is prepared by combining N different liquids with densities p 1 , p 2 ,. .. .p N . The volume of component I added to the mixture is Vi and the mass fraction of this component in the...
-
Suppose households supply 560 billion hours of labor per year and have a tax elasticity of supply of 0.15. If the tax rate is increased by 10 percent, by how many hours will the supply of labor...
-
According to Figure 16.6, what inflation rate would occur if the unemployment rate rose to 6 percent, with (a) PC 1 ? (b) PC 2 ?
-
In Exercise 3.108 on page 215, we see that the home team was victorious in 70 games out of a sample of 120 games in the FA premier league, a football (soccer) league in Great Britain. We wish to...
-
Use the below attached financial statements to answer the questions: 1. What is the firms debt, times-interest-earned, and fixed charge coverage ratios? 2. calculate and discuss the firms...
-
The finance department has estimated that a discount rate of 13 percent should be used. If unsuccessful, after the first year the project can be dismantled and will have an aftertax salvage value of...
-
You are a conservative investor who is considering investing in "BMRP Inc.", a small widget company. You like the intrinsic valuation approach and want to calculate BMRP Inc.'s weighted average cost...
-
Bob Jensen Incorporated purchased a $660,000 machine to manufacture specialty taps for electrical equipment. Jensen expects to sell all it can manufacture in the next 10 years. To encourage capital...
-
Quotations for the M&B Corporation are listed as follows: .............................................CALL.............PUT Closing.....Strike....EXP...Premium.....Premium 50.5 ............ 52.0...
-
a. 1. Why is the T-bills return independent of the state of the economy? Do T-bills promise a completely risk-free return? Explain. 2. Why are High Techs returns expected to move with the economy,...
-
Given find the value of k. es 1 e kx dx = 1 4'
-
Storico Co. just paid a dividend of $3.35 per share. The company will increase its dividend by 16 percent next year and will then reduce its dividend growth rate by 4 percentage points per year until...
-
This ones a little harder. Suppose the current share price for the firm in the previous problem is $64.75 and all the dividend information remains the same. What required return must investors be...
-
Larissa has been talking with the companys directors about the future of East Coast Yachts. To this point, the company has used outside suppliers for various key components of the companys yachts,...
-
Explain how the OS and Utility programs work with application software. Summarize the features of several embedded operating systems course: introduction to information technology code: EBI...
-
Please explain and describe what are input and output devices. Explain what the differences are between an operating system, an embedded operating system, and a network operating system. Explain and...
-
Determine the complexity of the following pseudocode snippets in Big-O and Big-Q2. Do these code snippets have a Big-e? What are the functions doing? 1) my_func(some_nums) result = 0 for (num in...
Study smarter with the SolutionInn App