AlonnaG AlonnaG
  • 24-09-2018
  • History
contestada

What effect will the tax increase have on savings and investments in the economy

Respuesta :

saadhussain514
saadhussain514 saadhussain514
  • 30-09-2018

Answer

Increase in taxes will result in a decrease in savings and investment

Explanation

A government normally increases taxes to boost it's tax revenue but this also results in the decrease of savings and investments. Higher taxes leaves consumers with less disposable income which then discourages them from saving and investing.

Answer Link

Otras preguntas

Explain why (1/2)4 =1/16
a figure that has no end points is called a
Write a multiplication equation using one whole number and one fraction that have a product18/8
assume you're using a three button mouse. to access shortcut menus, you would
which religious group in Pennsylvania still relies on horses and buggies for transportation
Rita earns $15.00 per hour. If she gets a 4% raise, what will be her new hourly wage? $14.40 $19.00 $15.60 $15.04
Which words in the sentence make up the adjective phrase? What word does the adjective phrase modify? This story about an idealistic and imaginative knight has
how does the Eucharist unite is to Christ and to one another
what is 4/17 as a decimal
In the Onomatopoeia what does the speaker mean to convey with Slash/splatters/scatters/spurts