Question
Which of the following are constant with the Laffer Curve? When the JFK taxes cuts lowered the top Federal Marginal rate from 91% to 77%,
Which of the following are constant with the Laffer Curve?
When the JFK taxes cuts lowered the top Federal Marginal rate from 91% to 77%, the tax revenues from the federal government went up.
Increasing marginal tax rates will always increase tax revenues.
Decreasing marginal tax rates will always increase tax revenues.
Decreasing marginal tax rates will always decrease tax revenues.
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Financial Accounting and Reporting
Authors: Barry Elliott, Jamie Elliott
17th edition
978-0273778172, 027377817X, 978-1292080505
