Order the answer to: Our current personal income tax system is progressive: Income tax

Academic Writing business-economics Order the answer to: Our current personal income tax system is progressive: Income tax

business-economics

Order the answer to: Our current personal income tax system is progressive: Income tax

Question Our current personal income tax system is progressive: Income tax rates rise with rising incomes and are lower for low-income individuals. Some policymakers have favored a “flat tax” as a replacement for our modestly progressive income tax system. Most exemptions and deductions would be eliminated, and a single low tax rate would be applied to personal income. Would such a change in the tax laws alter the automatic stabilization characteristics of the personal income tax?
Subject business-economics
Ready to try a high quality writing service? Get a discount here