What is the most effective method of decreasing taxes to increase revenue? giving property tax breaks to corporations reducing the minimum wage decreasing the sales tax exempting individuals from income taxes

Question

Social Studies

Naomi Christensen

30 July, 05:50

What is the most effective method of decreasing taxes to increase revenue? giving property tax breaks to corporations reducing the minimum wage decreasing the sales tax exempting individuals from income taxes

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Answers (2)

Know the Answer?

Israel · Answer 1

The answer is A. giving property tax breaks to corporations

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Kayden Juarez · Answer 2

Reduced taxes increased the spending power of the consumer and increased the demand that contributes to higher economic growth. The income cuts also increase the incentives promoting high production.

When the spending increase, workers are likely to increase their worldwide income. When the taxes are low, the consumers keep their income productive and can have more money for spending. Low fees will also increase borrowing, which will, in turn, improve productivity. Lower taxes finally will generate more spending because the consumer is at the better end.