WORTH 20 POINTS!!! One of the ways that has been suggested to alleviate the burden of taxation on the average citizen is lowering the income tax. Explain how this move would affect the revenue stream for federal, state, and local governments in regard to income tax revenue and sales tax revenue.

Answers

Answer 1

Answer:

Cutting taxes reduces government revenues,at lease in the short term, and creates either a budget deficit or increased sovereign debt. The natural countermeasure would be to cut spending.

or...

Lowering the income tax would definitely help raise funds for local governments without hurting any other revenue stream because local governments don’t collect income taxes. With lower income taxes, there is more money for each family to spend and more opportunities for local governments to collect sales tax. State Government: Revenue is gained and lost in for state governments. Money is lost if the income tax is reduced, because the states do collect income taxes. However, states also collect the bulk of the sales tax, and the more money that consumers get to keep, the more money they’ll spend buying products that can be taxed. Federal Government: This move would be bad for the federal government’s revenue stream. Lowering the income tax means less revenue coming into the federal government, and the federal government does not collect sales taxes.

Explanation:

Answer 2

Answer:

Cutting taxes reduces government revenues,at lease in the short term, and creates either a budget deficit or increased sovereign debt. The natural countermeasure would be to cut spending.

or...

Lowering the income tax would definitely help raise funds for local governments without hurting any other revenue stream because local governments don’t collect income taxes. With lower income taxes, there is more money for each family to spend and more opportunities for local governments to collect sales tax. State Government: Revenue is gained and lost in for state governments. Money is lost if the income tax is reduced, because the states do collect income taxes. However, states also collect the bulk of the sales tax, and the more money that consumers get to keep, the more money they’ll spend buying products that can be taxed. Federal Government: This move would be bad for the federal government’s revenue stream. Lowering the income tax means less revenue coming into the federal government, and the federal government does not collect sales taxes.


Related Questions

A letter from George Washington yo Thomas Jefferson

Answers

Answer:

On May 30, 1787, just days after being unanimously elected president of the Constitutional Convention in Philadelphia, George Washington wrote a letter to Thomas Jefferson, who was serving as the minister to France. Jefferson was informed on the proceedings of the Constitutional Convention through letters from the delegates, particularly Washington and James Madison. Jefferson was generally in support of the Constitution, despite the lack of a bill of rights. His approval was sought, and his opinions were used in attempts to influence others, especially during the Virginia ratification debates in 1788.

The Ottoman Governmental structure

Answers

Answer:

The Ottoman Empire developed over the centuries a cruel organization of government with the Sultan as the supreme ruler of a centralized government that had an effective control of its provinces, officials and inhabitants. Wealth and rank could be inherited but were just as often earned.

Gen. Winifield Scott's address to the Cherokee Nation. why do yiu think some Cherokees already moved west of the Mississippi while others did not?​

Answers

Answer:

The removal of the Cherokees was a product of the demand for arable land during the rampant growth of cotton agriculture in the Southeast, the discovery of gold on Cherokee land, and the racial prejudice that many white southerners harbored toward American Indians.

Explanation:

I also think it was part of religion and some people wanted to stay where they worship there gods and ect

According to The Declaration of Independence, what is the main purpose of government?
(1 Punto)
To provide for common defense and promote the general welfare
To create a strong national government
To protect the interests of the states
To protect citizens rights to life, liberty, and the pursuit of happiness
quotation to ans
among M
ent

Answers

Explanation:

to protect citizens rights to life liberty and the pursuit of happiness

What are some of the similarities between the American and French Revolutions?

Answers

Answer:

Both want a change from being ruled by an absolute ruler, both have economic instability from war debt, both have social inequality. And also, both started because of enlightenment ideas. What was the major difference between the American and French Revolutions? The American revolution didn't have the reign of terror.

Explanation:

Answer is above

Both want change from being ruled by an absolute ruler, both have economic instability from war debt

10 points and a Brainly , answer in a short paragraph please

What do you consider the most important factors that caused the delegates to the Constitutional Convention to replace the Articles of Confederation with a new plan of government called the Constitution?

Answers

Answer:

It was very important because the first  Articles of Confederation did not hep out all the people. The states had all the power and the country was on the verg of collapcing

* *

4376 is the secret code

Who led a rebellion in Virginia in 1676?

A) William Berkeley
B) John Locke
C) James Oglethorpe
D) Nathaniel Bacon

Answers

Answer: D

hope this is right :)

Explanation:

The executive branch is responsible for ??

Answers

Answer:

They carry out and enforce the laws

Explanation:

In the Byzantine Empire, ____ made up the largest group of peoples.
a.
Greeks
c.
Egyptians
b.
Turks
d.
Persians


Please select the best answer from the choices provided

A
B
C
D
yallllllllllllllllllll im confused

Answers

Answer:

A greeks

Explanation:

Greeks are the main population of the Byzantine Empire.

Answer is A I know this !!!!!!

Under the articles of confederation which government had the most power?​

Answers

Not sure which it is pertaining to by “government “ but the articles of confederation decentralized government giving the most power to the individual 13 states and then to the national legislature

NEED THIS ASAP PLZ The first casualty of the American Revolution was - Crispus Attucks Samuel Adams James Caldwell George Washington

Answers

Answer:

crispus attucks

cuz he attucks

but its the answer

At the time the United States Constitution was ratified, all women and poor men could not vote. The Constitution also ratifed slavery. Do these facts hurt its legacy? Explain

Answers

Answer:

Yes.

Explanation:

When they wrote the declaration of independence they said we the people. But they really meant white men who owned land. women, black people, and people who didnt have land did not have as many rights as White men. this is changed later on in history. Hope this helps!

Analyze the photo below and answer the question that follows.
A disk with intricate carvings and apointer in the middle that can pivot.
Photo by Marie-Lan Nguyen

The image above shows a(n) __________, an important instrument used by early explorers.
A.
astrolabe
B.
caravel
C.
compass
D.
sundial

Please select the best answer from the choices provided
A
B
C
D

Answers

Answer:

The answer is A.

Explanation:

Answer:

The answer is A on Edge 2021

Explanation:

I took the test, pls make me brainly and give me thanks, I need it to level up

Create a mixed media art piece or sculpture using household items to represent the First
Global Age. Include the themes of exploration, slavery, and European conflict (piracy or
war) in your art piece.You must include an
artist statement explaining how your art piece explains EACH of the themes listed.

Answers

Answer:

ask your teacher if you don't know because am dumb lol

Explanation:

How was Washington's presidency important

Answers

Answer: He was setting the precedent that would be followed by later leaders.

Explanation:

President Washington was twice unanimously elected and set several significant presidential precedents. George Washington established both formal and informal precedents for future presidents and helped mould the office's future role and capabilities.

Washington's ability to inspire faith and confidence made the presidency conceivable and contributed to the establishment of the executive branch. As soon as he took office, he worked to promote respect for the office of the president, regularly showed restraint in the face of political provocations, and made an effort to act as a president for all citizens.

Washington also persistently left his mark on politics, particularly through the creation of the cabinet. Since George Washington, every president has had a cabinet, and each president develops their own method of decision-making.

To learn more on George Washington, here:

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What measure did the Populist Party call for to help indebted farmers?

Answers

Answer:

unlimited coinage of silver

Explanation:

The platform also backed a currency system that would come to be known as "free silver." Putting more money into circulation, would facilitate loan applications and offer some relief to farmers who are heavily in debt.

Why did farmers support the Populist Party?

By 1892, the price of cotton had decreased to 7.5 per pound, which was roughly the cost of production. Farmers' attempts to bring about political and economic change within the Democratic Party, which the Bourbons controlled, appeared futile. Farmers in Mississippi turned to the newly founded Populist Party as a result, and they supported it.

The new Populist, or People's Party, was established by agrarian reformers in the 1890s after refocusing their efforts. The Party urged the federal government to protect against economic downturns, control banks, and corporations, and assist struggling farmers.

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Please I need this quick!!my exam is almost going to stop.

How did angel island experience in the west differ from Ellis island immigration experience in the east?

A.Asian immigrants were given employment upon entering the United States

B. Asian immigrants and European immigrants had similar experiences when enterin the US

C. European immigrants we’re allowed admission into the states more quickly than Asian immigrants

D.European immigrants had to complete literacy test and pay Pool taxes while Asian immigrants did not.

Answers

Answer:

The main difference between Ellis Island and Angel Island was that the majority of the immigrants that traveled through Angel Island were from Asian countries, such as China, Japan, and India.

Explanation:

Hope this helps

What effect did victory in the War of 1812 and the Treaty of Ghent have on Native Americans?
A. secured their land claims east of the Mississippi River
B. open lands in the Great Lakes region to U.S. settlement
C. compelled most Native Americans to migrate north to British Canada
D. led Native Americans to form a confederation to resist U.S. expansion

Answers

Answer:

The Answer is B

Explanation:

"Victory in the war 1812 and the Treaty of Ghent make Native Americans for open lands in the Great Lakes region to U.S settlements. The War of 1812 created a lasting impact on several tribes whose communities were involved. For Native Americans, the War of 1812 created Indian heroes, established historic places, and dispossessed ancient home areas."

Answer:

option B

Explanation:

this battle was a hopeless fight for freedom and independence for the Native Americans. That war was a absolute disaster even though the treaty did not say anything about the two main issues that caused this war, because of that it opened the Great Lakes region for expansion in the US and was praised for its diplomatic victory.

hope this helped ;)

HELPPPPPP ME PLEASE!!!!


Why did Neil Armstrong leave college?

Answers

To be a astronaut is the answer

His studies, however, were interrupted in 1949 when he was called to serve in the Korean War. A U.S. Navy pilot, Armstrong flew 78 combat missions during this military conflict. He left the service in 1952, and returned to college.Explanation:

I NEED HELP!!!!! PLEASSSEEEE!!!!!!!

Answers

Answer:

it is your exam so I can't answer the question

Answer:

A

Explanation:

The awnser is A because it is the only one that makes sense......

pls awnser my question

How can humans change the planet and protect it

Answers

Answer:

lower your carbon profile and use a renewable energy source

Explanation:

Answer:

Stop litttering and maybe stop violence our popluation is going down because of riots its time to pick up any trash you see and help rebuild this commiunty

Explanation:

In the context of religion, list down 10 things you believe in by
completing the following statements. What have you observed in
B. Presenting the new lesson
ACTIVITY
1. Motivation:
your own belief system?
1. I believe in/that
2. I believe in that
3. I believe in/that
4. I believe in/that
5. I believe in/that
6. I believe in that
7. I believe in that
8. I believe in/that
9. I believe in that
10. I believe in that
ovde
ANALYSIS.​

Answers

Answer:

I believe in god

I believe in cat gods

I believe in animal heaven

I believe in Jews

I believe in Hinduism

I believe in life

I believe in Pharaohs

I believe in two gods

I believe in the Holy spirit, Abraham, God, and Jesus

I believe in god has a better place for us

Help pls!

How did the Karankawa and Tonkawa people respond to the establishment of
Austin's colony in Texas?

They offered to work in the fields for the settlers,

They raided settlements and stole livestock,

They lobbied the Mexican government to disband the
colony.

They formed an alliance with the settlers against Mexico.

Answers

Answer:

they raided settlements and stole livestock.

Explanation:

I took this test

The Karankawa and Tonkawa people raided settlements and stole livestock of Austin's colony in Texas.

What did Karankawa and Tonkawa did with Austin's colony in Texas?

Due to the first crop being destroyed by the drought and their lack of food, some settlers vowed to quit Austin's colony. The colony was invaded by the Tonkawa and Karankawa. In response, Austin established order in the colony.

Two colonists from Austin's colony, Loy (or Law) and John C. Alley, are killed by Coco Indians (Karankawas) who were attempting to steal a pirogue stocked with the grain on the Colorado River near the mouth of Skull Creek and ten miles south of modern-day Columbus.

The official government and religion of Spain were among the things the Spanish required of the newcomers. Austin and the government both recognized the need of having colonists of good moral character and made this a requirement for immigration.

Thus, 'They raided settlements and stole livestock' is the correct statement.

Learn more about Austin's colony in Texas, here:

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what kind of government is china

Answers

Answer:

A republic.

Explanation:

China is widely considered to be a republic, and is officially known as one, because elected representatives hold power in a legislative body, the National People's Congress, and a head of state, the President, assumes office through an election.

Rockefellar and Carnegie were examples of *
O generals who helped defeat Native Americans
O Union leaders
Entrepreneurs who established monopolies in oil and steel

Answers

Entrepreneurs who established monopolies in oil and steel

Answer:

Entrepreneurs who established Monopolies in oil and steel.

Explanation:

Rockefeller was known to be very rich making money from the oil industry while Carnegie made his worth off of his steel industry.

in which climate zone is southern Mexico located​

Answers

Answer:

Rainy. (ignore this, I just need more characters lol)

What was the cabildo in the Louisiana Colony during the 1700s?

Answers

Answer:

It is a historical building made around 1795- 799 to replace a building that had burned in a fire in 1794, the Cabildo served as government or town hall bulidning.

Explanation:

What did the emperor of the Ming Dynasty do to demonstrate Ming power? Give two at
least two examples(sentences) from the text and two additional detail sentences about
each.

helpp

Answers

Answer: The position of prime minister was abolished. Instead, the emperor took over personal control of the government, ruling with the assistance of the especially appointed Neige, or Grand Secretariat. Basically, the Ming incorporated the Song dynasty ’s policy of relying on the literati in managing state affairs.

Explanation: hope this helps if u need more info just tell me

Harappan civilization
Built great cities
Declined because of
droughts
A. Gave women equal rights
B. Had the world's largest army
C. Was isolated from the rest of the world
D. Traded with other civilizations

Answers

Answer:

D

Explanation:

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tungkol sa m
binubuo ng dalawang talata
na
ng sanaysay
pangungusap. (2 puntos)
talata na may tatlo o apat na



asap please ​

Answers

Answer:

which language is this and what is this meaning.

Uh y dose it look like dat
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