Question
The United States currently has a progressive tax system. That is, individuals with higher incomes have a higher average tax rate. Some have argued to
The United States currently has a progressive tax system. That is, individuals with higher incomes have a higher average tax rate. Some have argued to change the tax system to a flat tax, where everyone's income is taxed at an average rate of 19% regardless of how much you earn. Explain the pros and cons of the two tax systems. Additionally, why are we unlikely to shift to a flat tax system?
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Essentials Of Time Series For Financial Applications
Authors: Massimo Guidolin, Manuela Pedio
1st Edition
0128134100, 9780128134108
