Economy, asked by Sonugoutam5793, 11 hours ago

Show the impact of proportional income tax in a closed economy assuming that all types of autonomous expenditure will remains constant.

Answers

Answered by amrp8794

Answer:

Proportional taxation is intended to create greater equality between marginal tax rates and average tax rates paid. Proponents of proportional taxes believe they stimulate the economy by encouraging people to spend more and work more because there is no tax penalty for earning more

Explanation:

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