Question
The State of California always seems to be short of money even though they collected over $180 billion during 2020 in tax revenues. This is
The State of California always seems to be short of money even though they collected over $180 billion during 2020 in tax revenues. This is the highest level of tax revenue of any state in the entire nation. (So far everything stated is correct). What if the California State Legistlature got desperate and sent all 3.3 million small businesses in California aone-time surprise taxbill of exactly $25,000 no more - no less. The small businesses would have 60 days to pay up.Conclusion: This action should shift the Average Fixed Cost Curve upward for these small businesses and it should also make the Average Total Cost Curve shift upward as well. Both cost curves will shift up.
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