please I need help with this assignment. thank you

12:42 NS 88% Basic Income and Tax Revenue. Available on Sunday, November 15, 2020 5:02 PM EST until Sunday, November 22.2020 11:30 PM EST You are called in by the government to help design a policy to lift people out of poverty. Your colleague suggests two possible options: III Policy A: a universal basic income 12:43 NS 88% Policy A a universal basic income financed by a flat tax $20,000 annually in a universal basic income transfer for everybody with no phase-out. . a 25% tax on everyone from the first dollar earned. Policy B: a means-tested transfer financed by a progressive income tax III $20,000 annually for people with 12:43 NS 88% $20,000 annually for people with no earnings that is phase down smoothly as your income grows and reaches zero when your income is $80,000 . a 25% tax on all income above $80,000 III 1. Looking only at the tax portions of each policy, which one leads to higher government revenue for say, 100 households (total pop.) NS 88% 12:43 PO say, 100 households (total pop.) making up to $200,000. 2. Looking only at the spending portions of each policy, which one leads to higher government spending for say, 100 households making (total pop.) up to $200,000 3. Which ones do you prefer and why? Which plan has more of an effect on the incentive to work more/less hours at the margin? III NS 88% 12:43 PO making (total pop.) up to $200,000. 3. Which ones do you prefer and why? Which plan has more of an effect on the incentive to work more/less hours at the margin? Which plan is more progressive? You must start a thread before you can read and reply to other threads 12:42 NS 88% Basic Income and Tax Revenue. Available on Sunday, November 15, 2020 5:02 PM EST until Sunday, November 22.2020 11:30 PM EST You are called in by the government to help design a policy to lift people out of poverty. Your colleague suggests two possible options: III Policy A: a universal basic income 12:43 NS 88% Policy A a universal basic income financed by a flat tax $20,000 annually in a universal basic income transfer for everybody with no phase-out. . a 25% tax on everyone from the first dollar earned. Policy B: a means-tested transfer financed by a progressive income tax III $20,000 annually for people with 12:43 NS 88% $20,000 annually for people with no earnings that is phase down smoothly as your income grows and reaches zero when your income is $80,000 . a 25% tax on all income above $80,000 III 1. Looking only at the tax portions of each policy, which one leads to higher government revenue for say, 100 households (total pop.) NS 88% 12:43 PO say, 100 households (total pop.) making up to $200,000. 2. Looking only at the spending portions of each policy, which one leads to higher government spending for say, 100 households making (total pop.) up to $200,000 3. Which ones do you prefer and why? Which plan has more of an effect on the incentive to work more/less hours at the margin? III NS 88% 12:43 PO making (total pop.) up to $200,000. 3. Which ones do you prefer and why? Which plan has more of an effect on the incentive to work more/less hours at the margin? Which plan is more progressive? You must start a thread before you can read and reply to other threads