This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: You are a government tax policy advisor. You are asked how to convert the U.S. income tax into a ... (Read 52 times)

lindiwe

  • Hero Member
  • *****
  • Posts: 577
on: Jul 1, 2018
You are a government tax policy advisor. You are asked how to convert the U.S. income tax into a consumption tax. Which of the following is the best response?
 
  a. It already is a consumption tax.
  b. Flatten the brackets into one rate.
  c. Exclude the first 25,000 of income.
   d. Allow unlimited contributions into IRAs

Question 2

One reason the U.S. government might subsidize research of an alternative to crude-oil based gasoline is that
 
  A) more substitutes will reduce the price of crude-oil based gasoline.
  B) more substitutes will increase the elasticity of crude-oil based gasoline.
  C) more substitutes will reduce the impact of supply shocks on the price of crude-oil based gasoline.
  D) Any or all of the above.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

millet

  • Sr. Member
  • ****
  • Posts: 354
Reply #1 on: Jul 1, 2018
Answer to Question 1

d

Answer to Question 2

D


lindiwe

  • Member
  • Posts: 577
Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

anyusername12131

  • Member
  • Posts: 327
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

The world attempted to deal with Somalia as if it were a real country but painfully learned that Som The world attempted to deal with Somalia as if it were a real country but painfully learned that Som
In 2009, historian Woody Holton described how Abigail Adams shrewdly invested in the Continental Con In 2009, historian Woody Holton described how Abigail Adams shrewdly invested in the Continental Con
Household Income in the United States by Quintiles, 2009 Household Income in the United States by Quintiles, 2009
Relationship Between Income per Capita and Population Growth Relationship Between Income per Capita and Population Growth
Variable and absorption costing, explaining operating-income differences. Variable and absorption costing, explaining operating-income differences.
Types of policy Types of policy
Video: Forming urine ( influencing factors), Forming dilute urine & Forming concentrated urine

For a complete list of videos, visit our video library