Question

In: Economics

Write a detailed plan to change the rate of taxes (for the tax types mentioned below)...

Write a detailed plan to change the rate of taxes (for the tax types mentioned below) that better suit the current economical situation during the pandemic and the large unemployment rates.

types of income taxes:

–Income (Income tax, Social Security tax, Corporate tax, Capital Gains)

–Consumption (Sales Tax, Value Added Tax/VAT, Import Tariff, Excise tax/tax on a single good)


please write the exact tax rate changes you propose

Solutions

Expert Solution


Related Solutions

There are two types of taxes: Federal tax and province tax. 1.Federal taxes: Assume that the...
There are two types of taxes: Federal tax and province tax. 1.Federal taxes: Assume that the share of income $35,000 and below is federally taxed at 15%, the share of income between $35,000 and $100,000 is taxed at 25%, and the share of income over $100,000 is taxed at 35%. (i.e an income over$ 100,000 is taxed as follows: -The portion of income up to and including the first $35,000 is federally taxed at 15%. -The portion of income between...
Three taxes: Sales Tax, Property Tax, and Income Tax. Name three types of taxes and analyze...
Three taxes: Sales Tax, Property Tax, and Income Tax. Name three types of taxes and analyze the deadweight loss of each. Which of these taxes do you believe create the highest deadweight loss? Why? Why is deadweight loss disagreed on by experts? Explain.
Paying Taxes (8 pts) The marginal tax bracket in a society is listed below. Marginal Rate...
Paying Taxes (8 pts) The marginal tax bracket in a society is listed below. Marginal Rate Range Individual Range Married 10% $0-$20,000 $0-$30,000 15% $20,00-$50,000 $30,000-$80,000 20% $50,00-$90,000 $80,000-$250,000 25% $90,00-$200,000 $250,000-$500,000 30% $200,000 + $500,000+ Sam has an income of $50,000. Joe, Sam’s spouse, has an income of $75,000. Daphne has an income of $150,000. Fred, Daphne’s spouse, has an income of $30,000. Married individuals have the option to either file as a married couple or as individuals. If...
Write a overview of the new tax plan
Write a overview of the new tax plan
Write a summary of the new tax plan
Write a summary of the new tax plan
Write an introduction of the new tax plan
Write an introduction of the new tax plan
Write a summary of GOP tax plan?
Write a summary of GOP tax plan?
Just give an example Detailed description of organisational change and 3 different types of change were...
Just give an example Detailed description of organisational change and 3 different types of change were given.
MPQ: Different Types of Taxes a. A progressive tax is one in which
MPQ: Different Types of Taxesa. A progressive tax is one in whichthe average rate increases as income increases.the average rate decreases as income increases.the average rate is constant as income increases.more taxes are paid as income increases.b. A regressive tax is one in whichthe average rate decreases as income increases.the average rate is constant as income increases.the same taxes are paid as income increases.the average rate increases as income increases.c. A proportional tax is one in whichthe average rate decreases...
write an introduction about the new tax plan
write an introduction about the new tax plan
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT