How are income taxes calculated? How would a flat tax affect individuals and businesses?
What will be an ideal response?
An ideal response will:
1, Explain that income taxes are based on marginal tax brackets and are progressive—the more money an individual makes, the higher the percentage to be paid in taxes.
3, Outline the basic concepts of a flat tax, such as that proposed by U.S. Congressman Dick Armey, noting that all income over the exempted amount would be taxed at 17 percent; net business income would be taxed at the same rate, many lower-income families would pay no income tax at all, and tax preparation would be much less complicated for most taxpayers.
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Campaigns typically activate a voter's latent ____
A) valence B) partisanship C) negativity D) apathy E) momentum
During the Obama administration, the Dodd-Frank Act was put in place to protect the nation's _____ from possible failure during the economic downturn
A) banks B) universities C) hospitals D) government E) police
Theories of accumulation claim that economic development is based on wealth accumulation. However, within theories of accumulation, capitalist perspectives and socialist perspectives differ in their understanding of how economic systems work. Define the prevailing notions regarding this critical step in economic development. Which one do you think is more accurate? Why?
What will be an ideal response?
What are policy outcomes according to bureaucratic politics model?
a. Maximization of interests b. Compromises and satisficing of interests c. Implementation of the most rational policy d. A and B e. B and C