Those on the political left would tend to favor _____ government action and _____ taxation to reduce income inequality. more; lower less; higher more; higher less; lower

Q: Can you propose a different poverty measure that will be able to reflect the regressive transfer?

A: Regressive transfer means tranferring income from not richer individual to not porrer individual.

Q: The idea that people in equal conditions should pay equal taxes is referred to as Group of answer…

A: The term “tax” is defined as the compulsory payment made by the individuals of the country to either…

Q: and

A: a) Because it encourages individuals to work more in order to earn more money, income disparity may…

Q: Which of the following policies would be the most likely to have the effect of increasing income…

A: Option A) increasing the interest rate on bank loans Option C) lowering taxes on income from…

Q: Describe the advantages that a negative income tax has over other programs that have the same…

A: Negative income tax is reverse of income tax. Under the income tax a fraction of amount earned by…

Q: b. The tax system is regressive for income levels less than $100,000 and progressive for income…

A: A regressive tax is one where the average tax burden decreases with income. Low-income taxpayers pay…

Q: katie earns $40,000 and pays $4,500 in taxes and Samantha earns $80,000 and pays $9,000 in taxes,…

A: Taxes are the share of income which is charged by the government.

Q: Calculate the tax for $95,000. For example, $10,000x40%=$4,000 in tax. Show your work!! Calculate…

A: A progressive tax is a tax in which the tax rate increases as the taxable amount increases.

Q: According to the textbook, which of the following statements is (are) correct? (x)  Taxes on…

A: Tax revenues are collected by the government to undertake government activities such as…

Q: One tradeoff society faces is between efficiency and equity. Define each term. If Oman government…

A: Efficiency in simple terms means the ideal production and its resource allocation in a…

Q: Cities and towns mainly rely for revenue on   a. excise taxes.   b. income taxes.   c. payroll…

A: Note: Since you have asked more than one question, we are going to answer the first question due to…

Q: Social Security taxes are regressive because :they apply only to rich people. they are applied to…

A: Social security refers to the term that is used by the government o compensate the soldiers and army…

Q: Suppose that a nation decides to introduce a new income tax system with the tax brackets shown in…

A: Under progressive tax system higher income people pay higher taxes. Average tax rate is used to…

Q: There are two individuals in a society. The federal income tax in this society is such that that the…

A: Taxation: - Taxation is the imposition of some charges by the government of a country on the…

Q: State three ways that the government could reduce income inequality. Briefly explain how these…

A: Throughout the world, many countries face the problem of social and economic inequality. With the…

Q: In a column in the Washington Post, Robert J. Samuelson wrote: "As for what's caused greater…

A: In the society there exists inequality in earning capacity of people. This is why the government…

Q: The Lorenz curve represents the relationship between a. the cumulative percentage of households and…

A: What is Lorenz curve.

Q: A society with progressive income taxes will likely have a very unequal after-tax distribution of…

A: Explanation: A free-market economy produces AN unequal distribution of financial gain. Since the…

Q: A tax whose impact varies inversely with the income of the person taxed, and poor people have a…

A: In the case of the regressive tax rate, the greater burden of tax is imposed on the poorer people…

Q: How will The Tax Reform for Acceleration and Inclusion will lessen the worsen poverty and income…

A: The Tax Reform for Acceleration and Inclusion is a law regarding the taxation system in the…

Q: The total income generated from all activities b. The degree of inequality in the distribution of…

A: Lorenze curve is the graph that showing percentage of country's income that is earn by a given…

Q: In the United States, the incidence of poverty has declined since the 1970s. True False

A: Answer: True, Explanation: The incidence of poverty measures the proportion of families/individuals…

Q: What is the poverty trap? Group of answer choices A)The situation where government assistance can…

A: Poverty trap is related  to the existence of poverty in an economy, and the inability to escape from…

Q: Question 4 Senator Maki argues that replacing the income tax with a national sales tax would…

A: Answer (4): Senator Maki argues that sales tax will increase the level of output, where he is…

Q: In the United States, the richest quintile of the population receives 13 times as much income as the…

A: The explanations for this unmistakable distinction between income inequality and consumption…

Q: To combat income inequality and to generate increased tax revenues to fund expenditures, government…

A: The marginal tax rate refers to the additional tax paid by the taxpayer for every additional income…

Q: Explain how proportional income tax would increase hours of labour supplied

A: A tax is a mandatory fee paid by the residents of a country to the government. These are levied to…

Q: Susan is a single mother with three children. She can earn $8 per hour and works up to 2,000 hours…

A: The table is divided into three columns, with the first column listing Susan's annual work hours,…

Q: .   Government raising taxes to increase redistribution of income to improve equality results in…

A: Disposable income is the difference between income and taxes. Increase in taxes decreases disposable…

Q: Demonstrate how the distribution of income between rich and poor is affected by government taxes,…

A: There is definitely a strong justification for moving resources from those at the top of the income…

Q: FRONT PAGE State Lotteries: A Tax on the Uneducated and the Poor Americans now spend over $85…

A: (a) A household with less than $25000 of income spends $1100 a year on lottery tickets.  The…

Q: Which two of the following are most likely to reflect a move towards a more equal distribution of…

A: Ans. 19. The Gini coefficient is a tool that measures the income and wealth inequality of different…

Q: Incomes in China and India are a small fraction of incomes in the United States. But incomes in…

A: The Lorenz curve is a graphical portrayal of the dispersion of income or abundance in the general…

Q: The concept that people should pay taxes based on the benefits they receive from government services…

A: The taxes are the legal proceedings that are paid by the citizens of the country for the services…

Q: Assume that the government proposes a negative income tax that calculates taxes owed using the…

A: Here, it is given that government imposes negative tax income with 25% tax rate on the income level…

Q: The tax system is used to reduce income inequality through the use of _____ taxes. Select one: a.…

A: Tax is the amount that is charged by the government from an individual or an organization on their…

Q: The type of inequality before (pre) taxes and transfers are applied is called NET income inequality,…

A: Correct Answer: FALSE   Reason: The type of inequality before (pre) taxes and transfers are applied…

Q: In order to measure income inequality, economists look at how income is distributed in ...   Group…

A: Economics is the branch of knowledge in which we study the scarcity of resources and unlimited…