=+ 3. Because the structure of the personal income tax is progressive, a larger share of income

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=+ 3. Because the structure of the personal income tax is progressive, a larger share of income is taxed at higher rates as income grows. Therefore, economic growth automatically results in higher taxes unless offsetting legislative action is taken.

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Microeconomics Private And Public Choice

ISBN: 9780324320367

11th Edition

Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

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Question Posted: Oct 28, 2024 08:00 AM

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=+ 3. Because the structure of the personal income tax is progressive, a larger share of income

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Microeconomics Private And Public Choice

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