History, asked by keshavgroup764, 1 year ago

cons of imposing higher taxes

Answers

Answered by sauravkr35
1

A.Primarily through the supply side. High marginal tax rates can discourage work, saving, investment, and innovation, while specific tax preferences can affect the allocation of economic resources. But tax cuts can also slow long-run economic growth by increasing deficits. The long-run effects of tax policies thus depend not only on their incentive effects but

Similar questions