The so-called Tax Freedom Day of each year recognizes the day that:
A. The Federal government requires taxpayers to submit their taxes to the Internal Revenue Service
B. Charitable contributions were made legal under the tax codes of the United States government
C. The U.S. Supreme Court ruled that double taxation of income was illegal for corporations and businesses
D. The average worker had earned enough income to pay his or her share of government spending for that year
D. The average worker had earned enough income to pay his or her share of government spending for that year
You might also like to view...
Local property tax policy generally has a small effect on the property tax base.
A. True B. False C. Uncertain
If Sally Smith creates VCU1 by playing an online game, the effect is to cause the nation's:
a. Monetary base to fall. b. M2 money supply to fall. c. M2 money multiplier to remain the same. d. M2 money multiplier to fall.
Why did President Obama want to repeal the Bush era tax cuts on upper income taxpayers? How would the repeal of these tax cuts impact aggregate demand and to what degree? How did the economic conditions in 2010 make such a repeal less likely to take place?
What will be an ideal response?
Net domestic product is
A. The market value of all final goods and services produced in the economy after adjusting for depreciation. B. Equal to GDP minus indirect business taxes. C. The total market value of all goods produced in the period. D. Equal to national income minus depreciation.