Advocates of taxing consumption rather than income argue that a. the current tax code discourages people from

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Advocates of taxing consumption rather than income argue that

a. the current tax code discourages people from saving.

b. the rich consume a higher fraction of income than the poor.

c. a consumption tax is a better automatic stabilizer.

d. taxing consumption does not cause any deadweight losses.

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Brief Principles Of Macroeconomics

ISBN: 9780357133507

9th Edition

Authors: N. Gregory Mankiw

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Question Posted: Feb 28, 2024 04:01 AM

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Advocates of taxing consumption rather than income argue that a. the current tax code discourages people from

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Brief Principles Of Macroeconomics

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