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Author Question: Which of the following provides the greatest source of revenue for the federal government? a. ... (Read 28 times)

ts19998

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on: Jul 9, 2018
Which of the following provides the greatest source of revenue for the federal government?
 
  a. income taxes
  b. Medicaid taxes
  c. Social Security taxes
 d. taxes on cigarettes

Question 2

According to the Laffer curve, which of the following statements is true?
 
  a. A sufficiently high tax rate encourages productivity.
  b. Cutting taxes will suppress the economy.
  c. If the government cuts marginal tax rates, revenue goes down.
 d. If the government raises marginal tax rates, revenue goes up.


b614102004

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Reply #1 on: Jul 9, 2018
Answer to Question 1

a

Answer to Question 2

d


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